PROJECT

Projects

Summary of Investment Information

Project Number

40592

Company Name

Banco de la Produccion S.A.

Date SPI Disclosed

May 16, 2018

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

Jun 29, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jan 24, 2024

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Nov 2, 2018
Signed : Nov 15, 2018
Invested : Nov 29, 2018

Sector

Commercial Banking - General

Project Description

The proposed project consists of a senior loan of up to US$80 million to Banco de la Produccion S.A. (“Produbanco” or the “Bank”) in Ecuador, to support the growth of its small and medium sized enterprises (“SMEs”) loan portfolio and climate smart portfolio.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation