PROJECT

Projects

Summary of Investment Information

Project Number

33783

Company Name

BANCO MULTIPLE BHD SA

Date SPI Disclosed

Feb 20, 2015

Country

Dominican Republic

Region

Latin America and the Caribbean

Projected Board Date

Mar 23, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 29, 2024

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Mar 23, 2015
Signed : Dec 18, 2015
Invested : Dec 28, 2015

Sector

Commercial Banking - General

Project Description

The proposed project consists of a local currency fixed-rate loan of up to DOP 2,150 million (approximately US$50 million) for up to seven years (the “Project”) to Banco BHD Leon (the “Bank”), the second largest privately-owned bank in the Dominican Republic and a long-standing partner of IFC. The purpose of the Project is to support the Bank’s growth of its small and medium enterprises (“SMEs”) portfolio.

The project is consistent with IFC''s Strategy in the Dominican Republic by emphasizing and strengthening linkages with existing clients to support their sustainability and expansion.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation