PROJECT

Projects

Summary of Investment Information

Project Number

46067

Company Name

BANCO DINERS CLUB DEL ECUADOR SA

Date SPI Disclosed

Apr 17, 2023

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

May 17, 2023

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Aug 5, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 22, 2023
Signed : Jul 20, 2023
Invested : Aug 3, 2023

Sector

Commercial Banking - General

Project Description

The project consists of an up to US$100 million investment in a Merchant Voucher Receivables program, to be established by Banco Diners Club del Ecuador S.A. (Diners or the Bank).                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation