Banco Guayaquil Subdebt Facility
The proposed transaction is based on the Subordinated Loan Facility LACC (RG-X1088) approved by the Board in August 2010 and consists of a subordinated loan (Tier II Capital under the requirements of the local regulation) for an approximate amount of US$20 millino for Banco de Guayaquil S.A. with an IDB participation up to US$15 million, and the rest financed by private investors. The loan will strenghten the solvency of the Bank which will finance individuals of low income and SMEs, and will support the Banco del Barrio program.

Project Detail

Country

Ecuador

Project Number

EC-L1103

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 and Social Impact Category (ESIC)

-

Total Cost

USD 15,000,000.00

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
2690A/OC-EC Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 2690A/OC-EC
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing