PROJECT

Projects

Summary of Investment Information

Project Number

41844

Company Name

Banco Internacional S.A.

Date SPI Disclosed

Nov 15, 2018

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

Dec 17, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Aug 6, 2023

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Jan 16, 2019
Signed : Feb 7, 2019
Invested : Feb 22, 2019

Sector

Commercial Banking - SME Finance

Project Description

  The proposed IFC investment consists on a senior loan for Banco Internacional (“Internacional” or the “Bank”), to support the expansion of the Bank’s portfolio to small and medium enterprises (“SMEs”), including women-owned SMEs.

Associated Advisory Engagement

 In parallel, the team will offer an advisory project consisting of a diagnostic and recommendations to strengthen the women segment as a business opportunity by defining a strategy to add value to the Bank’s women-owned SMEs.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation