PROJECT

Projects

Summary of Investment Information

Project Number

50958

Company Name

SCOTIABANK INVERLAT, S.A.,

Date SPI Disclosed

Jul 7, 2025

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Aug 8, 2025

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Nov 1, 2025

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Oct 1, 2025
Signed : Oct 24, 2025
Invested : Oct 30, 2025

Sector

Commercial Banking - Housing Finance

Project Description

The proposed investment to Scotiabank Inverlat, S.A., Institución de Banca Múltiple, Grupo Financiero Scotiabank Inverlat (“Scotiabank Mexico”, “SBI” or the “Bank”) in Mexico, consist of up to US$150 million senior unsecured loan for IFC’s own account (IFC Loan), part of which benefits from US$100.0 million unfunded mobilization through Credit Insurance Policies (CIP) with diverse insurance companies, in which IFC will transfer the credit risk to these insurance companies, which results in a net IFC own-account exposure of not more than $150 million.

 

The loan proceeds will be used to fund the growth of the Bank’s women-focused mortgages portfolio. The proposed senior unsecured IFC A Loan will have a maturity of up to 5-years, with a 3-year grace period.

                                                   

Associated Advisory Engagement

IFC’s Climate Finance

A potential climate finance advisory engagement with Scotiabank Mexico will support the Bank in expanding and diversifying its operations in climate finance and further developing the green mortgages in Mexico.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation