PROJECT

Projects

Summary of Investment Information

Project Number

42081

Company Name

Banco Bolivariano C.A.

Date SPI Disclosed

Apr 4, 2019

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

May 7, 2019

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 30, 2019

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : May 22, 2019
Signed : May 23, 2019
Invested : May 28, 2019

Sector

Commercial Banking - SME Finance

Project Description

 The proposed investment in Banco Bolivariano (“Bolivariano” or “the Bank”), an existing IFC client and Ecuador’s (the “Country”) sixth largest commercial bank, consists of a senior loan of up to US$50 million to support the growth of the Bank’s small and medium-sized enterprises (“SMEs”) loan portfolio.

Associated Advisory Engagement

 The project will be complemented with an advisory engagement to support Bolivariano in (i) identifying climate-finance business opportunities and (ii) implementing the technical capacity to estimate and track key performance indicators in this area.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation