PROJECT

Projects

Summary of Investment Information

Project Number

44606

Company Name

Banco BBVA Peru

Date SPI Disclosed

Oct 20, 2021

Country

Peru

Region

Latin America and the Caribbean

Projected Board Date

Dec 1, 2021

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jan 24, 2022

Department

Regional Industry - FIG LAC

Industry

Financial Markets

Previous Events

Approved : Dec 16, 2021
Signed : Dec 22, 2021
Invested : Jan 13, 2022

Sector

Commercial Banking - Housing Finance

Additional Project Attributes

Blended Finance

Project Description

  The proposed investment consists of an unsecured senior loan of up to US$60 million to BBVA Peru (the Bank), a subsidiary of the Spanish banking group BBVA (the Group). The purpose of the proposed investment is to support the Bank’s efforts to jump-start and strengthen the green building finance market in Peru. The project is expected to be supported by the Market Accelerator for Green Construction (“IFC-MAGC”) 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 building business opportunities for its housing lending portfolio.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation