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$10 million to Banco de Pais S.A. The loan proceeds will be used toward strengthening the bank¿s solvency as well as for supporting Banco del Pais¿ small and medium enterprises loan portfolio growth.
|Subsector||FINANCIAL MARKETS-BANKING MARKET DEVELOPMENT|
|Project Type||Loan Operation|
|Approval Date||DEC 16, 2011|
|Contract Signature Date||JUN 22, 2012|
|Completion Date||JUL 3, 2012|
|IDB Financing *||10.00|
|Total Cost H||USD 10,000,000|
|Financing Type||Private Sector Loan|
|Reporting currency||USD - United States Dollar|
|Reporting Date||SEP 30, 2017|
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