PROJECT

Projects

Summary of Investment Information

Project Number

49194

Company Name

BANCO BICE

Date SPI Disclosed

May 1, 2024

Country

Chile

Region

Latin America and the Caribbean

Projected Board Date

Jun 1, 2024

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Aug 31, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 27, 2024
Signed : Aug 16, 2024
Invested : Aug 27, 2024

Sector

Commercial Banking - Housing Finance

Project Description

The proposed investment consists of a senior unsecured A Loan to Banco BICE (“Banco BICE” or the “Bank”), for up to US$200 million, to support the growth of the Bank’s mortgage portfolio in Chile, with a focus on mortgage loans for women.

Associated Advisory Engagement

                

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation