CR-L1068 : Bancredito SME Financing Partnership

Project Status
Approved

The project¿s objective is threefold: (i) strengthen Bancredito¿s capital adequacy and improve the efficiency in the use of capital by granting a subordinated loan which qualifies as Tier II under the Costa Rica regulation; (ii) improve the liquidity and maturity match of the bank; and (iii) finance Bancredito¿s portfolio growth in the SME segment, looking to achieve a positive economic and social impact, given the obstacles to access financing encountered by the SME segment in the Costa Rica.

PROJECT DETAIL

Project Number CR-L1068
Financial Information
Project Number CR-L1068
Project Status Completed
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date SEP 30, 2017
Roles & Responsibilities
Contract Signature Date FEB 24, 2015
Financial Information
Project Number CR-L1068
Project Status Approved
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date SEP 30, 2017
Roles & Responsibilities
Contract Signature Date
Country Costa Rica
Sector FINANCIAL MARKETS
Subsector FINANCIAL MARKETS-BANKING MARKET DEVELOPMENT
Project Type Loan Operation

PROJECT INFORMATION

Total Cost H USD 10,000,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 10,000,000
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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