PROJECT

Projects

Summary of Investment Information

Project Number

50262

Company Name

BANCO SANTANDER CHILE

Date SPI Disclosed

Nov 1, 2024

Country

Chile

Region

Latin America and the Caribbean

Projected Board Date

Nov 30, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 20, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 13, 2024
Signed : Dec 16, 2024
Invested : Dec 18, 2024

Sector

Commercial Banking - Housing Finance

Project Description

The proposed investment consists of: (i) a senior A Loan of up to US$200 million and (ii) a B Loan of up to US$200 million to Banco Santander-Chile (“Santander” or the “Bank”), aimed at financing the Bank’s green building sub-projects. Thes project is expected to include a performance-based incentive to Santander Chile upon the achievement of specified targets for new green building developments certified by EDGE (the Project).

Associated Advisory Engagement

Since February 2024, IFC has provided Advisory Services (“AS”) in response to the Bank’s request for assistance in increasing green building market awareness in the country, promoting sustainable construction, and enhancing the Bank’s ability to advocate for EDGE certification.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation