PROJECT

Projects

Summary of Investment Information

Project Number

37128

Company Name

Banco General S.A.

Date SPI Disclosed

Sep 16, 2015

Country

Panama

Region

Latin America and the Caribbean

Projected Board Date

Oct 30, 2015

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Oct 30, 2015
Signed : Nov 18, 2015
Invested : Dec 10, 2015

Sector

Commercial Banking - Housing Finance

Project Description

The proposed project consists of a credit line of up to U$100 million for up to 5 years to Banco General (“the Bank”) to be used to fund lending activity in the low income mortgage sector.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation