24191 - Banco Industrial S.A.

Who We Are
Who We Are

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.
More About Us
About IFC

Our Leadership

Development Partners
Accountability

Learn more about accountability
Annual Report

Download the Report
What We Do
What We Do

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.
What We Do Overview
SOLUTIONS

Our products and services
OUR PRIORITIES

Climate Business

Fragile & Conflict Afflicted Situations

Gender

Mobilizing Private Capital

Sustainability
SECTORS & EXPERTISE

Agribusiness & Forestry

Creative Industries

Education

Financial Institutions

Funds

Health

Infrastructure

Manufacturing

Public-Private Partnerships

Tourism, Retail & Property

Trade & Supply Chain Finance

Venture Capital

Working Upstream
Where We Work
Where We Work

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.
Overview
By Region

Africa

East Asia and Pacific

Europe

Latin America and the Caribbean

Middle East and Central Asia

South Asia
Our Impact
Our Impact

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.
Our Impact Overview
PRINCIPLES & MEASUREMENT

Impact Investing at IFC

Measuring and Monitoring (AIMM)

Evaluation

Sustainable Development Goals (SDGs)

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

For Partners

For Investors

Get in Touch

Summary of Proposed Investment

Project Number

24191

Company Name

Banco Industrial SA

Date SPI Disclosed

May 12, 2005

Country

Guatemala

Industry

Financial Markets

Projected Board Date

Jun 12, 2005

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

Previous Events

Approved : Dec 11, 2005
Signed : Dec 28, 2005
Invested : Mar 7, 2006

Project Description

The project is a subordinated IFC loan of up to $30 million to Banco Industrial S.A. (BI, the company or the leading Guatemalan bank). The proposed investment in BI’s Tier-II regulatory capital would enable BI to play a leading role in the ongoing consolidation of the domestic banking sector by strengthening BI’s capital base. BI’s strong market position enables it to take advantage of expansion opportunities arising from Guatemala’s financial sector reform which is strongly supported by the World Bank Group.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	30.0
Equity

Development Impact

BI is an economically efficient financial intermediary that supports a client base of good credit quality, (including the main exporters of the country) with trade finance, working capital loans and financing for capital expansion. Sources of capital to support BI’s growth need to be more diversified. IFC’s long-term financing would address this need, augment shareholders’ contributions, and help BI to reduce any maturity mismatches overall. By strengthening the capital base of the leading bank in Guatemala, IFC would promote the consolidation of the financial sector in the country, which is a key precursor for increased stability. Furthermore, IFC financing would provide a strong signal to the market, demonstrating that a deserving institution can attract long-term external resources. This may stimulate additional international issuances of subordinated debt by domestic institutions.

Contacts

For Inquiries About the Project, Contact

Please contact the following persons: gombima@ifc.org, afodil@ifc.org, meliaschev@ifc.org., or evargas@ifc.org

This Summary of Project Information (SPI) is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC's activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC's Disclosure of Information Policy that went into effect September 1998.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Summary of Proposed Investment

Project Description

Sponsor / Cost / Location

Development Impact

Similar Projects

Contacts

Projects

Summary of Proposed Investment

Project Description

Sponsor / Cost / Location

Project Sponsor and Major Shareholders of Project Company

Total Project Cost and Amount and Nature of IFC's Investment

Board Approved IFC Investment

Location of Project and Description of Site

Development Impact

IFC's Expected Development Contribution

Environmental and Social Issues - Category

Press-Release

Related ESRS/ERS

Similar Projects

Contacts

Disclaimer