Banco Bolivariano SME Finance
The proposed transaction consist of a housing finance facility for Banco Bolivariano, an existing client for SCF under the TFFP, to support its mortgage financing activities specially the expansion to middle and low-middle income individuals. The proposed transaction will facilitate access to individuals to long-term financing. Bolivariano is Ecuador¿s fifth largest bank and was established in 1979 in Guayaquil and presently counts on a nationwide network of over 104 branches and 235 ATMs. As of December 2010, bank¿s assets amounted to US$1.7 billion and equity reached US$141 million.

Project Detail

Country

Ecuador

Project Number

EC-L1102

Approval Date

December 6, 2011

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental Classification

-

Total Cost

USD 20,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 15,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2689A/OC-EC-1 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
2689A/OC-EC-2 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
2689B/OC-EC Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
Operation Number 2689A/OC-EC-1
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 2689A/OC-EC-2
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 2689B/OC-EC
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing