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HO-L1085 : Banco del Pais Subordinated Loan
Project Status: Closed
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$10 million to Banco de Pais S.A. The loan proceeds will be used toward strengthening the bank¿s solvency as well as for supporting Banco del Pais¿ small and medium enterprises loan portfolio growth.
Project Detail
Project Number
HO-L1085
Project Country
Honduras
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
2691A/OC-HO
Financial Information
Project Number
HO-L1085
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
Jun/22/2012
Project Information
Total Cost
USD 10,000,000
Country counterpart financing
USD 0
Amount
USD 10,000,000
Preparation
Title
Type
Project Number
Date Published
Project Abstract
HO-L1085
February 16, 2012
Environmental & Social Management Reports
HO-L1085
February 16, 2012
Procurement Information
DATA ACCESS AND LICENSING
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