PROJECT

Projects

Summary of Investment Information

Project Number

50864

Company Name

Banco BAC San Jose SA

Date SPI Disclosed

May 28, 2025

Country

Costa Rica

Region

Latin America and the Caribbean

Projected Board Date

Jun 27, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jul 17, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Jun 26, 2025
Signed : Jun 30, 2025
Invested : Jul 15, 2025

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed investment consists of an up to US$230 million financing package for Banco BAC San José, S.A. (“BAC CR” or the “Bank”) in Costa Rica, consisting of: (i) an up to US$200 million senior unsecured loan for IFC’s own account (IFC A Loan); and (ii) a Global Trade Finance Program (GTFP) unfunded guarantee line of up to US$30 million. The loan will have a 5-year tenor and 2-year grace period and will be used to support the growth of the Bank’s climate and micro, small and medium enterprises (MSMEs) portfolios, with at least 40% destined to finance climate sub-projects, and at least 30% will be allocated to women-owned businesses (WSMEs) (the Project).           

Associated Advisory Engagement

The investment will be complemented with advisory services.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation