PROJECT

Projects

Summary of Investment Information

Project Number

36893

Company Name

BANCO FINANDINA SA

Date SPI Disclosed

Aug 27, 2015

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Sep 30, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Dec 4, 2015
Signed : Dec 10, 2015
Invested : Dec 22, 2015

Sector

Commercial Banking - Consumer Finance

Project Description

The proposed project consists of a 5-year loan for up to US$40 million to be provided by IFC to Banco Finandina S.A. (“Finandina” or the “Bank") to support its lending activities to small and medium enterprises (“SMEs”) in Colombia (the “Project”).

Banco Finandina holds assets and equity for US$574.9 million and US$77.7 million, respectively, as of March 2015. The Bank employs 653 staff across the country.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation