PROJECT

Projects

Summary of Investment Information

Project Number

46951

Company Name

BANISTMO S.A.

Date SPI Disclosed

Sep 30, 2022

Country

Panama

Region

Latin America and the Caribbean

Projected Board Date

Oct 31, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 23, 2022

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 8, 2022
Signed : Dec 15, 2022
Invested : Dec 21, 2022

Sector

Commercial Banking - General

Project Description

The proposed project entails a total US$300 million financing package to Banistmo S.A. (Banistmo or the Bank) consisting of: (i) an up to US$200 million senior unsecured A loan for IFC’s own account and (ii) an up to US$100 million mobilization package through a B loan and/or parallel loan. The loan proceeds will be used to fund the growth of the Bank’s small and medium-sized enterprises (SMEs) and affordable housing loan portfolios (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation