Banco Bolivariano C.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
Mera Pacheco, Gabriela
USD $ 20,000,000
USD $ 10,000,000
Project scope and objective
The project consists of supporting Banco Bolivariano in strengthening its capital with a subordinated loan for a total amount of up to US$30 million, composed as follows: (i) Subordinated A Loan for an amount of up to US$10 million to be funded by IDB Invest; and (ii) Subordinated B Loan for an amount of up to US$20 million to be funded by B Lender(s). The loan term will be up to eight years with a grace period of five years. The funds from the loan will be used to finance small and medium-sized companies (“SMEs”) and Banco Bolivariano's green portfolio.
Additionally, IDB Invest will provide an advisory service to strengthen Banco Bolivariano’s sustainability strategy for the SME portfolio with a focus in the social segment, and it will analyze the feasibility of developing a digitization strategy for SMEs.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Treasury and International Relations Manager
+593 4 2560705
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005