EC-L1061 : Banco Pichincha Lending Facility

Project Status
Approved

To enable Banco Pichincha C.A. ("Pichincha") to expand its longer term core loan businesses; including housing finance, and lending to small, medium and micro enterprises "SMEMs". The proposed IDB loan would provide an up to US$50 million senior A loan (the "A Loan") with a tenor of five years. The IDB has invited the IIC to participate in this facility through a participation in the IDB`s A Loan, or a co-financing under the same terms and conditions as the IDB for an amount to be determined by IIC. Furthermore, subject to market demand, the IDB will try to syndicate a senior B loan (the "B Loan") on a best effort basis. It is anticipated that the appetite for B Loan participants will be between US$30 million and US$50 million.

PROJECT DETAIL

Project Number EC-L1061
Financial Information
Project Number EC-L1061
Project Status Completed
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date MAR 31, 2015
Estimated Cofinancing H USD 50,000,000
Roles & Responsibilities
Borrower Banco Pichincha C.a.(head Office)
Financial Information
Project Number EC-L1061
Project Status Completed
IDB Financing
Financing Type Complementary Line of Credit
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date MAR 31, 2015
Estimated Cofinancing H USD 22,000,000
Roles & Responsibilities
Borrower Banco Pichincha C.a.(head Office)
Country Ecuador
Sector FINANCIAL MARKETS
Subsector FINANCIAL MARKETS-BANKING MARKET DEVELOPMENT
Project Type Loan Operation
Project Subtype Private Sector Investment
Environmental and Social Impact Category Uncategorized

PROJECT INFORMATION

Total Cost H USD 72,000,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 50,000,000
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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Preparation

Environmental & Social Management Reports

Environmental & Social Strategies

Project Abstract

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