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Banco Interamericano de Finanzas (BIF) - 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 Interamericano de Finanzas S.A.
The facility presents a triple objective: (i) to strenghten the solvency of the bank and to improve the efficiency of the use of capital by lending a subordinated loan that qualifies as a Tier II under Peruvian regulation; (ii) to improve the liquidity and the exchange rate capability of the bank; and (iii) finance the development of the housing package, expecting to make a positive economic and social impact due to the incipient availability of this package in the Peruvian financing system and the housing defficit which still exists in the country.

Project Detail

Country

Peru

Project Number

PE-L1118

Approval Date

September 12, 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 Classification

-

Total Cost

USD 20,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 20,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2578/OC-PE Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
Operation Number 2578/OC-PE
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing

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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1427675385-27837
Banco Interamericano de Finanzas (BIF) - ESMR [36470995].PDF
Published Oct. 17, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-1125555376-2
Project Abstract - Banco Interamericano de Finanzas (BIF) [36234299].PDF
Published Jun. 15, 2011
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https://www.iadb.org/document.cfm?id=EZSHARE-1125555376-3
Environmental and Social Strategy (ESS) - Banco Interamericano de Finanzas (BIF) [36234431].PDF
Published Jun. 15, 2011
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