Banco Fibra II

completed

Founded in 1988, Banco Fibra S.A. (Fibra or the Bank) is a leading midsize Brazilian bank with assets of R$9.8 billion ($4.8 billion) as of March 31, 2007. It focuses its activities in commercial lending, with a client base of approximately 950 corporate clients: - 50% are companies with annual sales between R$30 million and R$100 million (middle market); - 25% are firms with annual revenues between R$100 million and R$400 million (upper middle market); - the remaining 25% are considered to be large corporates, which the Bank defines as companies which generate annual gross revenues in excess of BRL 400 million or selected ones in excess of BRL 100 million, but which are characterized by a highly sophisticated and professional management and administration. The Bank is also active in the consumer finance segment, mainly through operational agreements with medium size retail stores, with approximately 620,000 retail clients and 3,000 sales points as of December 2006. It is also studying the possibility of establishing housing and microfinance operations in the next 12-18 months.The project entails an up to $210 million financing package to support the expansion of Fibra’s lending activities in the middle-market and consumer segments, and the development of its housing finance and microfinance operations.