PROJECT

Projects

Summary of Investment Information

Project Number

43578

Company Name

Global Bank Corporation

Date SPI Disclosed

May 30, 2020

Country

Panama

Region

Latin America and the Caribbean

Projected Board Date

Jul 15, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Nov 15, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Aug 7, 2020
Signed : Oct 7, 2020
Invested : Jun 18, 2021

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

 The proposed project consists of a senior loan of up to US$70 million to Global Bank Corporation y Subsidiarias (“Global Bank”) to be used to support on-lending activity in Panama’s low- and middle-income mortgage sector for families where women are head of households and SMEs that are women-owned enterprises.

Associated Advisory Engagement

 IFC is planning to engage with a Banking on Women (“BOW”) Advisory Services project to assist Global Bank to develop a comprehensive value proposition for the women’s market.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation