Tribanco Eq

completed

Established in 1990, Banco Triângulo S.A. (“Tribanco” or the “Bank”) is a niche, medium-sized bank, which plays an important role in providing financial services to MSMEs and low income individuals. Its target market is mostly composed of clients that are served by the ‘Integrated Martins System’ (“IMS”), which is a group of companies related to the Bank that provide wholesale distribution, training and financing services and represent the largest supply chain in Brazil. As of December 2009, Tribanco posted total assets of R$1.7 billion and credit portfolio of R$1.2 billion, with net income of R$42 million. In March 2010, the Bank’s total assets remained at R$1.7 billion, credit portfolio totaled R$1.1 billion and net income reached R$13 million in the first quarter of the year. IFC’s investment will comprise a financial package of up to R$38 million (equivalent to $21 million) equity investment in the Bank (the “Project”). The Project’s proceeds will help an existing IFC client, with a long and successful track record, to continue to expand its supply of innovative financial services for the MSME segment.