PROJECT

Projects

Summary of Investment Information

Project Number

44836

Company Name

REINTEGRA SAS

Date SPI Disclosed

Mar 4, 2021

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Apr 8, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : May 17, 2021
Signed : Jun 25, 2021
Invested : Jul 13, 2021

Sector

Distressed Assets SPV

Project Description

This Distressed Asset Recovery Program (DARP) investment will help to address the early impacts of COVID-19 on the financial system in Colombia.  The proposed transaction (DARP Reintegra II or Reintegra II), is a repeat transaction and consists of a DARP platform dedicated to acquiring retail and micro small and medium-sized enterprises (MSME) non-performing loan (NPL) portfolios originated by Bancolombia S.A., the largest bank in Colombia. Reintegra II is expected to have a total capitalization of up to US$70 million, with an IFC investment of up to US$30 million in the form of junior tranches. Other investors include Banca de Inversión Bancolombia S.A. Corporación Financiera (BIB) and Covinoc.

Associated Advisory Engagement

                                      

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation