PROJECT

Projects

Summary of Investment Information

Project Number

50120

Company Name

BANCO INDUSTRIAL SA

Date SPI Disclosed

Mar 2, 2026

Country

Guatemala

Region

Latin America and the Caribbean

Projected Board Date

Oct 18, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Mar 26, 2026

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 12, 2024
Signed : Dec 17, 2024
Invested : Dec 20, 2024

Sector

Commercial Banking - General

Project Description

 The proposed investment consists of an up to US$350 million financing package to Banco Industrial S.A. (“Banco Industrial”, “Industrial”, “BI” or the “Bank”) in Guatemala, composed of: (i.) an up to US$190 million senior unsecured A loan for IFC’s own account (IFC A Loan), part of which benefits from US$90.0 million unfunded mobilization through the Managed Co-Lending Portfolio Program (MCPP) FIG III program, in which IFC will transfer the credit risk to insurance companies, which results in a net IFC own-account exposure of not more than $100 million; and (ii.) a mobilized tranche of up to US$160.0 million from B and/or Parallel Lenders.

 

The loan proceeds will be used to fund the growth of the Bank’s climate-related assets, SMEs portfolio and sustainable housing. The proposed senior unsecured IFC A Loan will have a maturity of up to 4-years, with a 1-year grace period.                                               

Associated Advisory Engagement

 IFC’s Climate Finance

 

A potential climate finance advisory engagement with Banco Industrial will support the Bank in expanding and diversifying its operations in climate finance and further developing the climate smart business in the country.                                   

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation