PROJECT

Projects

Summary of Investment Information

Project Number

43919

Company Name

BANCO INTERAMERICANO DE FINANZAS SA

Date SPI Disclosed

Feb 2, 2022

Country

Peru

Region

Latin America and the Caribbean

Projected Board Date

Mar 25, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 9, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Apr 4, 2022
Signed : Sep 30, 2022
Invested : Oct 7, 2022

Sector

Commercial Banking - Housing Finance

Additional Project Attributes

Blended Finance

Project Description

The proposed investment consists of a subordinated loan of up to US$40 million to Banco Interamericano de Finanzas (BanBif or the Bank). The purpose of the proposed investment is to (i) jump-start and strengthen its green finance portfolio and (ii) strengthen the Bank’s regulatory capital base to support its growth. The project is expected to be supported with up to US$525,000 from the Market Accelerator for Green Construction (“MAGC”) Program as described in the Blended Finance Section.

Associated Advisory Engagement

The project will involve an Advisory Services component to support the Bank in identifying green business opportunities.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation