PROJECT

Projects

Summary of Investment Information

Project Number

46941

Company Name

Banco de la Produccion S.A.

Date SPI Disclosed

Oct 21, 2022

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

Nov 21, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 1, 2022

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Nov 22, 2022
Signed : Nov 23, 2022
Invested : Nov 29, 2022

Sector

Commercial Banking - General

Project Description

 The proposed Project consists of a financing package of up to US$160 million to Banco de la Producción S.A. Produbanco (“Produbanco” or the “Bank”) in Ecuador, including mobilization from additional investors on a funded and unfunded basis. The use of proceeds will be directed to towards small and medium enterprises (SMEs), women-owned SMEs, climate smart sub-projects and blue economy sub-projects.

Associated Advisory Engagement

 IFC will provide Produbanco with the advisory services support needed to establish its blue finance capacity. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation