WASHINGTON — IDB Invest announced its participation in the issuance of subordinated bonds by Banco Interamericano de Finanzas (BanBif) for up to $20 million to expand financing for sustainable projects in Peru.
The transaction will enable BanBif to grow its sustainable portfolio, which includes projects in energy efficiency, renewable energy, transportation, agriculture, and circular economy. The portfolio is expected to increase at an annual rate of 14.8% between 2025 and 2028.
The structure includes IDB Invest’s subscription of an initial series for up to $20 million, with co-investors expected to participate in a second issuance for up to an additional $20 million.
Peru has made progress in developing an environmental taxonomy and implementing Basel III, creating opportunities to strengthen bank capital through subordinated instruments and promote sustainable investments.
IDB Invest will also provide technical advisory services to enhance BanBif’s risk management. These measures reinforce BanBif’s and IDB Invest’s commitment to sustainability and the adoption of best governance practices.
With this operation, IDB Invest reaffirms its commitment to promoting access to financing and sustainable development in Peru, contributing to resilience and strengthening the country’s capital markets.
About IDB Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting economic development in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable enterprises and projects to achieve financial returns and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 400 clients in 25 countries, IDB Invest offers innovative financial solutions and advisory services to meet the needs of clients across diverse sectors. Visit our website: https://www.idbinvest.org/en.
About Banco Interamericano de Finanzas
BanBif is a universal bank that has operated in Peru for 34 years. Its majority shareholder is the IF business group, of Spanish origin, which participates in various economic sectors in Peru, Argentina, Colombia, Brazil, Chile, Ecuador, the United States, Central America, among others. In line with its purpose, BanBif integrates environmental, social, and governance (ESG) criteria into its business strategy, promoting responsible and sustainable growth. The bank drives sustainable financing, strengthens ethical and transparent management, and generates shared value for its clients, employees, and society, contributing to the country’s sustainable development.