49872 - DCM Banco GyT DPR

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Summary of Investment Information

Project Number

49872

Company Name

TITULARIZADORA CENTROAMERICANA DE DPRS

Date SPI Disclosed

Sep 12, 2025

Country

Guatemala

Region

Latin America and the Caribbean

Projected Board Date

Oct 15, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 31, 2026

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 16, 2025
Signed : Dec 23, 2025
Invested : Jan 28, 2026

Sector

Commercial Banking - General

Project Description

The proposed project (the “Project”) consists of a sustainable Diversified Payments Rights (“DPR”) notes issuance of up to US$200 million by Banco G&T Continental (“GTC” or the “Bank”), an IFC client since 2008, in Guatemala. The investment will be executed under the Bank’s existing DPR program and through a Special Purpose Corporation (Titularizadora Centro Americana de DPRs or the “SPC”). The sustainable notes will be collateralized by US-denominated DPRs originated by GTC and will have a tenor of 7 years, with a 2-year grace period. The use of proceeds of the investment is to support GTC’s loan portfolio growth in (i) climate-related assets, including green buildings and energy-efficiency sub-projects; (ii) Small and Medium Enterprises (“SMEs”) in accordance with IFC’s definition and applicable local regulation; and (iii) low-income housing, with a specific carve out to support women home ownership. The aforementioned use of proceeds will comply with applicable Guatemalan Regulations, including E&S requirements.

Associated Advisory Engagement

The Project will be accompanied by advisory services to support the Bank in developing a Sustainable Financing Framework. The purpose of the advisory engagement is to align the Bank’s operations with international market standards and enhance transparency in its sustainable finance practices. The use of proceeds of IFC’s proposed investment is expected to be aligned to the Bank’s Sustainable Framework.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	200.0
Equity

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Straight Senior Loan	Loans to SME Borrowers
Straight Senior Loan	Labeled: Green;Blue;Social-Loans/Bonds
Straight Senior Loan	Housing Loans to Individuals
Syndications	Labeled: Green;Blue;Social-Loans/Bonds
Syndications	Loans to SME Borrowers
Syndications	Housing Loans to Individuals

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

The most significant, expected Project-level outcome is increased access to sustainable assets, housing loans and SME finance. Beyond this outcome, IFC anticipates the investment will promote sustainable financing in Guatemala through an innovative financial instrument. The Project will support the first issuance of a sustainable DPR by a bank, paving the way for other FIs to carry out similar issuances.

IFC’s additionality through the Project is both financial and nonfinancial. Financial additionality will be provided in the form of the first sustainable DPR issued by a financial institution, using its own account for an amount of up to US$200 million with a maturity of up to 7 years (including a 2-year grace period). This amount and tenor are not readily available in the market through commercial banks or capital markets. Through this product, IFC will support the Bank in creating a credible capital markets solution to raise longer-term funding for sustainable finance. Nonfinancial additionality will be in the form of knowledge, innovation and capacity building as IFC will support GTC in developing its Sustainable Financing Framework to align its operations with international market standards and enhance transparency in its sustainable finance practices.

Indicator	Metrics	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Number of FIs in Central America with a Sustainable DPRs Issuances	#	Not Available	Not Available	Not Available
Number of Outstanding Loans, Housing	loans	Not Available	Not Available	Not Available
Number of Outstanding Loans, SMEs	number	Not Available	Not Available	Not Available
Value of Outstanding Loans, Housing	$	Not Available	Not Available	Not Available
Value of Outstanding Loans, SMEs	USDMill	Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

The project will support SMEs, mortgage housing for women and other individuals, and Climate Smart lending consisting of green buildings, energy and water efficiency, and solar power sub-projects in urban areas. The overall E&S risks of the sub-projects to be supported are low to medium, therefore, the project has been categorized as FI-2 according to the IFC's Sustainability Framework. The main E&S risks related to the project derive from the client's capacity to identify, assess, and manage risks associated with Banco GTC's portfolio. These risks typically include occupational health and safety issues, labor and working conditions, child and forced labor, waste and wastewater management, land tenure, resource efficiency and pollution prevention, and impacts to vulnerable communities and biodiversity.

The Project will not support coal related activities and higher risk activities that may include (i) involuntary resettlement; (ii) risk of adverse impacts on indigenous peoples; (iii) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage; (iv) risk of retrenchment; (v) significant occupational health and safety risks to employees). IFC's applicable requirements for this project will be the IFC Exclusion List, E&S laws and regulations in Guatemala, and screening against the IFC Performance Standards, where relevant.

The Bank has a dedicated HR team and established HR policies and manuals generally in line with IFC's labor standards under PS2: Labor and Working Conditions. The Bank will be required to meet local Life & Fire safety requirements and the requirements of IFC's Performance Standard 2 on Labor and Working conditions.

G&T’s ESMS is generally aligned with IFC’s E&S requirements based on screening the portfolio against the IFC Exclusion List (XL), host country laws (HCL), and the IFC Performance Standards (PSs), as applicable. The ESMS procedures integrate the credit risk approval and monitoring process. ESMS procedures comprise the following phases: (1) pre-screening of potential clients based on IFC’s XL; excluded activities are rejected, (2) verification of clients’ compliance with country E&S law (permits, EIAs, audits reports, etc), (3) customer portfolio’s classification through a risk matrix categorization based on industry sector, loan amount, tenor, and use of proceeds, (4) E&S risk assessment including site visits and further analysis based on IFC PS when applicable, (5) credit approval and addition of E&S clauses, covenants, and ESAP in the legal documentation, and (6) annual supervision. The monitoring process comprises site visits, verification of valid operational and E&S permits and licenses, certifications, ESAP completion, and relevant E&S updates. Recently, G&T has enhanced its ESMS by (i) establishing a credible mechanism to exclude higher risk transactions (ii) updating the E&S requirements thresholds to align to IFC requirements (iii) providing training to relevant staff implementing the ESMS.

S.no	Title	Anticipated Completion Date	Status
1	ESMS Enhancement	10/24/2025	Completed
2	E&S training	01/10/2026	Completed
3	Evidence of implementation of ESMS	04/10/2026	Completed

Contacts

For Inquiries About the Project, Contact

Banco GyT Continental
Julio Sandoval
Chief Financial Officer
(502) 2338 6801 Ext.: 33690
jsandoval@gtc.com.gt
6ª. Avenida 9-08 zona 9, Plaza G&T Continental, Quinto Nivel
https://www.gtc.com.gt/

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IFC supports its clients in addressing environmental and social issues arising from their business activities by requiring its real sector clients to set up and administer appropriate grievance mechanisms and/or procedures to address complaints from Affected Communities in relation to environmental and social issues arising from IFC's clients' business activities. Since 2012, IFC's Financial Intermediary clients applying the Performance Standards are required to develop External Communications Mechanisms to receive and review inquiries or complaints from any interested party regarding the E&S risks and impacts of their operations.

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Complaints can be submitted to IFC online at www.ifc.org/escomplaints or by email to EScomplaints@ifc.org.

IFC complaint response is separate from and complementary to IFC’s clients’ project level grievance mechanisms and IFC’s Independent Accountability Mechanism (CAO). Lodging a complaint directly with IFC does not, at any time, restrict access to CAO.

Affected communities have unrestricted access to the Compliance Advisor Ombudsman (CAO), the independent accountability mechanism for IFC and MIGA. CAO facilitates the resolution of complaints related to IFC and MIGA projects and sub-projects, undertakes reviews of IFC’s and MIGA’s environmental and social compliance, fosters public accountability for their commitments, and enhances the environmental and social performance of IFC and MIGA.

Independent of IFC and MIGA management and reporting directly to the IFC and MIGA Boards of Executive Directors, CAO helps resolve issues raised about the environmental and social impacts of projects through a neutral, collaborative, problem-solving approach via its Dispute Resolution function. It also reviews IFC’s and MIGA’s compliance with environmental and social policies, assesses related harm, and recommends remedial actions through its Compliance function. Additionally, CAO provides advice to IFC, MIGA, and their Boards to enhance environmental and social sustainability performance and minimize the risk of harm.

Complaints may relate to environmental and social harm regarding any aspect of the planning, implementation, or impact of a project or sub-project, and can be made by any individual, group, community, entity, or other party affected or likely to be affected by the environmental or social impacts of an IFC- or MIGA-financed business activity.

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CAO receives and addresses complaints in accordance with the CAO Policy, which can be accessed at: https://www.cao-ombudsman.org/policies-guidelines.

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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