PROJECT

Projects

Summary of Investment Information

Project Number

31846

Company Name

BANCO GENERAL (COSTA RICA) SOCIEDAD ANONIMA

Date SPI Disclosed

Sep 28, 2012

Country

Costa Rica

Region

Latin America and the Caribbean

Projected Board Date

Oct 30, 2012

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Nov 14, 2012
Signed : Dec 14, 2012
Invested : Feb 14, 2013

Sector

Commercial Banking - General

Project Description

The project consists of a loan of up to US$20 million to Banco General Costa Rica, a fully-owned subsidiary of Banco General Panama S.A, for on-lending to SMEs and Agribusiness The loan will have a tenor of five years and will support the portfolio growth of Banco General’s first subsidiary in the region.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation