PROJECT

Projects

Summary of Investment Information

Project Number

44102

Company Name

Banco Agromercantil de Guatemala S.A.

Date SPI Disclosed

Jun 23, 2020

Country

Guatemala

Region

Latin America and the Caribbean

Projected Board Date

Jun 22, 2020

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Oct 28, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 29, 2020
Signed : Sep 29, 2020
Invested : Oct 2, 2020

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The proposed financing package in Banco Agromercantil de Guatemala S.A. (BAM or the Bank), the fourth largest private commercial bank in Guatemala, consists of an investment of up to US$40 million under IFC’s COVID 19 Working Capital Solutions (WCS) Crisis Response Facility to support/expand the Bank’s working capital and traded-related lending program to Guatemala micro small and medium-sized enterprises (MSMEs) as result of the COVID 19 pandemic.

Associated Advisory Engagement

 N/A                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation