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Project Detail

EC-L1061 : Banco Pichincha Lending Facility

Project Description

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.

Procurement Information

Project at a glance

Project Number
EC-L1061
Country
Ecuador
Sector
FINANCIAL MARKETS
Project Status
Approved
IDB Financing*
50.00
Environmental and Social Impact Category
Uncategorized
 

Latest Project Documents

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* 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 preparation.

EC-L1061 : Banco Pichincha Lending Facility

Basic Information

Project Number: EC-L1061
 

Operation Number

 

Project Status

 

Approval Date

 

Contract Signature Date

 

  1985A/OC-EC   Completed   MAY 14, 2008   JUL 23, 2008   SEP 28, 2008
  1985B/OC-EC   Completed   MAY 14, 2008   DEC 16, 2010   MAR 15, 2011
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

EC-L1061 : Banco Pichincha Lending Facility

Financial Information Summary

Total Cost - Historic USD 72,000,000

IDB Financing

   Reporting currency(ies) USD - United States Dollar
   Estimated Cofinancing(s) USD 50,000,000

EC-L1061 : Banco Pichincha Lending Facility

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EC-L1061 : Banco Pichincha Lending Facility


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