Itaú Unibanco Holding S.A.: US$ 400 million raised to finance SMEs

Rhea-AI Summary

Itaú Unibanco announced it raised US$400 million in March 2021 through the United States International Development Finance Corporation (DFC) to expand credit lines for SMEs, focusing on economically vulnerable regions in Brazil and women-led businesses. This move aligns with Itaú's Positive Impact Commitment targeting inclusion and entrepreneurship, aiming to improve financial management for small companies. DFC's partnership underscores its dedication to enhancing economic opportunities for women entrepreneurs, especially in the wake of the Covid-19 pandemic.

Positive

• Raised US$400 million with DFC to support SMEs.
• Focus on economically vulnerable regions in Brazil.
• Targets women-led businesses to improve financial management.

Negative

• None.

SÃO PAULO, April 19, 2021 /PRNewswire/ -- We inform the capital market players that in March 2021, Itaú Unibanco raised US$400 million with the United States International Development Finance Corporation (DFC) in the international market ⁽¹⁾.

The bank's intends to expand its credit lines to SMEs, with particular focus on economically vulnerable regions such as Brazil's north and northeast and companies majority controlled or led by women.

This initiative underlines one of our Positive Impact Commitments, that is, Inclusion and Entrepreneurship, aimed to improve the financial management of very small and small companies by offering suitable products and services. Among the goals driving this commitment is to increase the credit volume granted to women entrepreneurs.

RENATO LULIA JACOB
Group Head of Investor Relations and Market Intelligence

⁽¹⁾ DFC's partnering with Itaú Unibanco illustrates its focus on regions in the world where women face their greatest challenges, and where this investment may have the most positive impact, especially taking into account the currently aftermath of the Covid-19 pandemic. This investment advances DFC initiatives, which has catalyzed over US$7 billion of private sector investments in economic inclusion projects aimed to women entrepreneurs in developing countries.

CNPJ. 60.872.504/0001-23
A Publicly-Held Company
NIRE 35300010230

Itaú Unibanco – Corporate Communications 
(11) 5019-8880 / 8881 – imprensa@itau-unibanco.com.br 

View original content:http://www.prnewswire.com/news-releases/itau-unibanco-holding-sa-us-400-million-raised-to-finance-smes-301271942.html

SOURCE Itaú Unibanco Holding S.A.

FAQ

What was the amount raised by Itaú Unibanco in March 2021?

Itaú Unibanco raised US$400 million in March 2021.

What is the focus of the funds raised by Itaú Unibanco?

The funds are aimed at expanding credit lines for SMEs, particularly in vulnerable regions and for women-led businesses.

Which organization partnered with Itaú Unibanco for this funding?

The United States International Development Finance Corporation (DFC) partnered with Itaú Unibanco.

How does Itaú Unibanco's initiative align with its Positive Impact Commitments?

It aligns with their commitment to inclusion and entrepreneurship, targeting improved financial management for small businesses.

What is the significance of DFC's investment in the context of the Covid-19 pandemic?

DFC's investment aims to enhance economic opportunities for women entrepreneurs, particularly in the aftermath of the Covid-19 pandemic.