34661 - BCP Bolivia Loan

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Summary of Investment Information

Project Number

34661

Company Name

Banco de Credito de Bolivia S.A.

Date SPI Disclosed

Jan 28, 2015

Country

Bolivia

Region

Latin America and the Caribbean

Projected Board Date

Mar 2, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 27, 2022

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Mar 3, 2015
Signed : Oct 28, 2015
Invested : Jan 8, 2016

Sector

Commercial Banking - SME Finance

Project Description

The proposed project consists of a 5-year loan for US$15 million to be provided by IFC to Banco de Crédito de Bolivia S.A. (“BCP Bolivia” or the “Bank") to support its lending activities to small and medium enterprises (“SMEs”) in Bolivia (the “Project”).
IFC has a long standing relationship with the Bank which started in 2009 with a Global Trade Finance Program guarantee facility of up to US$10 million.
BCP Bolivia is the 5th largest bank in Bolivia in terms of assets. The Bank employs approximately 1,650 staff and has 51 branches across the country.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	15.0
Equity

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Straight Senior Loan	Loans to SME Borrowers

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

- The Project will allow BCP Bolivia to provide funding to SMEs, which are still largely underserved in Bolivia.
- The Project will provide funding to the Bank to work towards its regulatory portfolio growth objectives, and at the same time remain profitable and efficient.
- Given the nationwide presence of the Bank and its relevant position in the market, the Project will contribute to economic development stimulating growth, employment generation and poverty reduction.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
CORE - E and S Management Systems (Y/N)	Compliance/Enhancement		Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

The project involves IFC support to BCP Bolivia''s lending activities in the SMEs segment. The Bank''s SME portfolio includes a limited number of business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site specific, largely reversible, and readily addressed through mitigation measures. The Project has been categorized as FI-2 in accordance with IFC’s Sustainability Framework. BCP will be required to ensure that the loans in the asset class supported by the Project avoid supporting activities in the IFC Exclusion List and comply with the Bolivian environmental and social laws and regulations.

Contacts

For Inquiries About the Project, Contact

BCP Bolivia
Christian Hausherr Ariñez
Av. Hernando Siles esq. Calle 10
Zona Obrajes, La Paz, Bolivia
Telephone: (591) 2 2175000 ext. 2105
Fax: (591) 2 2175000 ext. 5115
mailto:chausherr@bcp.com.bo
http://www.bcp.com.bo

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Local Access of Project Documentation

N/A

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CAO receives and addresses complaints in accordance with the CAO Policy, which can be accessed at: https://www.cao-ombudsman.org/policies-guidelines.

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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Task Title & Description	Anticipated Completion Date
Nominate officers	03/31/2015
Establish SEMS	04/15/2015
Staff Training	04/15/2015

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