PROJECT

Projects

Summary of Investment Information

Project Number

46526

Company Name

BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA S A

Date SPI Disclosed

May 27, 2022

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Jun 27, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 30, 2023

Department

CF1S7 - Regional Industry - FIG LAC/FIG Investment Operations - LAC

Industry

Financial Markets

Previous Events

Approved : Jun 27, 2022
Signed : Jun 28, 2022
Invested : Jun 29, 2022

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed Project consists of an up to US$200 million subordinated loan to Banco Bilbao Vizcaya Argentaria Colombia S.A. (“BBVA Colombia” or the “Bank”). Through this project, IFC will support the strengthening of the Bank’s loan growth for green housing and climate smart loans. Project is expected to receive support from the Market Accelerator for Green Construction (“MAGC”) Program as discussed in the Blended Finance Section.

Associated Advisory Engagement

                         

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation