EC-L1102 : Banco Bolivariano SME Finance
Project Status: Closed
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.
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