PROJECT

Projects

Summary of Investment Information

Project Number

43097

Company Name

BANCO DAVIVIENDA S A

Date SPI Disclosed

Jan 3, 2020

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Nov 22, 2019

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Nov 22, 2019
Signed : Dec 11, 2019
Invested : Dec 13, 2019

Sector

Commercial Banking - Housing Finance

Project Description

The Project consists of a financing package of US$335 million to Banco Davivienda S.A. (Davivienda or the Bank) in the form of a Basel III Tier 2 Subordinated Loan, including mobilization from additional investors on a funded and unfunded basis.

Associated Advisory Engagement

In addition, IFC will support the Bank in establishing a new gender business line primarily dedicated to financing women-owned SMEs (WSMEs). The advisory engagement will include IFC gender specialists supporting Davivienda in: (i) diagnostics and identification of business opportunities; (ii) process improvements; and (iii) business development training for employees.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation