GU-L1067 : Banco G&T Continental Subordinated Loan

Project Status
Approved

The proposed transaction is based on the LACC Subordinated Debt Facility (RG-X1088) approved by the Bank¿s board in August 2010 and consists of a subordinated financing (which qualifies as Tier II capital under local regulatory requirements) of an approximate amount of US$45 million to Banco GYT Continental. IDB participation would support GYT¿s micro, small and medium enterprises (MSMEs) loan portfolio growth, as well its mortgage to middle and low income individuals and would help to improve the competitiveness and efficient development of the Guatemalan private sector, specifically the MSME sector as well as to reduce poverty.

PROJECT DETAIL

Project Number GU-L1067
Financial Information
Project Number GU-L1067
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 OCT 21, 2011
Financial Information
Project Number GU-L1067
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 OCT 21, 2011
Financial Information
Project Number GU-L1067
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 OCT 21, 2011
Country Guatemala
Sector FINANCIAL MARKETS
Subsector FINANCIAL MARKETS-BANKING MARKET DEVELOPMENT
Project Type Loan Operation

PROJECT INFORMATION

Total Cost H USD 45,000,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 45,000,000
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

Can’t find a document? Request Information

Preparation

SEE IT ON THE MAP

Hello, Welcome to the IDB!

Please join our mailing list by simply entering your email below.