Banco G&T Continental Subordinated Loan
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$45 million to Banco GYT Continental. IDB participation would support GYT¿s micro, small and medium enterprises (MSMEs) loan portfolio growth, as well its mortgage to middle and low income individuals and would help to improve the competitiveness and efficient development of the Guatemalan private sector, specifically the MSME sector as well as to reduce poverty.

Project Detail

Country

Guatemala

Project Number

GU-L1067

Approval Date

August 9, 2011

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 45,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 45,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2560/OC-GU-1 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
2560/OC-GU-2 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
2560/OC-GU-3 Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 2560/OC-GU-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 2560/OC-GU-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 2560/OC-GU-3
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing

Can’t find a document? Request information

 Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-64598341-999
Environmental and Social Management Reports
Banco G_T Continental Subordinated Loan - ESMR [36351793].PDF
Aug. 17, 2011
English
https://www.iadb.org/document.cfm?id=EZSHARE-898875489-2
Project Abstract
Banco G_T Subordinated Loan - Project Abstract [36351794].PDF
Aug. 17, 2011
English

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