BANCO AGROMERCANTIL DE GUATEMALA S.A
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Espinoza Diaz, Jose Alejandro
USD $ 70,000,000
Project scope and objective
The financing facility involves a USD-denominated unsecured subordinated loan for Banco Agromercantil Guatemala, S.A. (BAM or the Bank), of US$70 million, with a 10-year tenor including five years of grace. This financing transaction will be funded as follows: (i) US$50 million by IDB Invest; and (ii) US$20 million by the IDB. It is aimed at supporting Banco Agromercantil Guatemala, S.A. in its efforts to develop its green projects and the SME sector. It will also include advisory services, focused on expanding and diversifying the business line and designing new green products for sustainable construction and mobility.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Manuel Chavez Rivera
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005