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EC-L1103 : Banco Guayaquil Subdebt Facility

Project Status: Closed

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

Project Number

EC-L1103

Project Country

Ecuador

Project Sector

FINANCIAL MARKETS

Project Subsector

BANKING MARKET DEVELOPMENT

Project Type

Loan Operation

Project Lending Type

NSG

Project Modality

PSL (Private Sector Loan)

Project Facility Type

Project Status

Closed

Operation Number

2690A/OC-EC

Financial Information

Project Number

EC-L1103

Project Status

Closed

IDB Financing

Financing type

PSL

Fund

Ordinary Capital

Reporting currency

USD - United States Dollar

Reporting date

Jul/18/2023

Roles & Responsibilities

Contract signature date

Dec/22/2011

Project Information

Total Cost

USD 15,000,000

Country counterpart financing

USD 0

Amount