PROJECT

Projects

Summary of Investment Information

Project Number

44278

Company Name

Banco del Pais S.A.

Date SPI Disclosed

May 28, 2022

Country

Honduras

Region

Latin America and the Caribbean

Projected Board Date

Jun 27, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 1, 2022

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Jun 29, 2022
Signed : Jun 30, 2022
Invested : Jul 29, 2022

Sector

Commercial Banking - Trade and Supply Chain

Project Description

 The proposed investment consists of a senior loan of up to US$60 million to Banco del Pais, S.A. (BANPAIS or the Bank) in Honduras under the FIG COVID-19 Emergency Response WCS Envelope (WCS Envelope). The proposed WCS loan consists of a one-year senior loan facility, renewable for up to two additional years, to support the Bank’s working capital lending program to Honduran small and medium enterprises (“SMEs”) and women-owned SMEs (“WSMEs”).

Associated Advisory Engagement

 IFC will provide expertise in improving the E&S Standards for BANPAIS and potentially capacity building in developing its value proposition for WSME and women clients. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation