PROJECT

Projects

Summary of Proposed Investment

Project Number

26394

Company Name

Banco Financiera Comercial Hondurena SA

Date SPI Disclosed

Nov 15, 2007

Country

Honduras

Industry

Financial Markets

Projected Board Date

Dec 17, 2007

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Feb 13, 2008
Signed : Feb 15, 2008
Invested : Jul 11, 2008

Project Description

The proposed IFC investment in Banco Ficohsa (the Bank) would consist of a debt package of $15 million, broken down as follows: - $10 million to middle to low income mortgages; and - $5 million to fund the origination of their SME portfolio. Additionally, the IFC Team will also explore the feasibility of working with Advisory Services in order to support the Bank’s strengthening of its competitiveness on the housing and SME segments.

Sponsor / Cost / Location

Development Impact