PROJECT

Projects

Summary of Investment Information

Project Number

48811

Company Name

Santander Chile RSF III

Date SPI Disclosed

Nov 13, 2023

Country

Chile

Region

Latin America and the Caribbean

Projected Board Date

Dec 14, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 23, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 20, 2023
Signed : Dec 21, 2023
Invested : Jun 24, 2024

Sector

Commercial Banking - General

Project Description

Santander CH RSF IV consists of a 3-year unfunded 50-50% risk-sharing facility (“RSF”) with Banco Santander Chile (“Santander” or the “Bank”) on a diversified portfolio of medium and large corporate loans (companies with annual revenues of not less than US$3.5 mm) totaling up to US$800 million, with an IFC gross exposure of up to US$400 million (the “Project”). The Project provides an efficient risk-mitigation tool for Santander to optimize its capital usage and redeploy freed capital.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation