PROJECT

Projects

Summary of Investment Information

Project Number

40916

Company Name

Banco Macro S.A.

Date SPI Disclosed

Mar 23, 2018

Country

Argentina

Region

Latin America and the Caribbean

Projected Board Date

Apr 25, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 26, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jul 18, 2018
Signed : Aug 16, 2018
Invested : Nov 8, 2018

Sector

Commercial Banking - General

Project Description

The proposed investment (the "Project") consists of a debt facility for up to US$50 million to expand Banco Itau Argentina S.A. ("Itau Argentina" or the "Bank") small and medium enterprises ("SMEs") lending program (up to US$15 million, with a 5-year tenor), and its sustainable energy finance (“SEF”) portfolio (up to US$35 million, with a 7-year tenor) in Argentina (the “Country”).

Itau Argentina, a fully-owned subsidiary of Itau Unibanco Holding, started its operations in 1979 and currently is a medium-size bank, holding a 1.4% market share, offering a wide range of products and services to individuals, SMEs, and large corporations.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation