Banco de Occidente 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
Acuna Cubillos, Piedad Lucia
USD $ 30,000,000
USD $ 70,000,000
Project scope and objective
The Project consists in providing support to Banco de Occidente S.A. (the “Bank” or “Banco de Occidente”) so that it may strengthen its capital through a subordinated loan for a total amount of up to US$100 million, made up as follows: (i) a subordinated loan in the amount of up to US$70 million to be financed by IDB Invest; and (ii) a parallel subordinated loan in the amount of up to US$30 million to be financed by a co-lender. The term of the financing will be up to 10 years. The loan will be used to finance Small and Medium-Sized Enterprises ("SMEs").
In addition, IDB Invest will provide Banco de Occidente S.A., technical advisory services to strengthen the sustainable financing strategy for its social portfolio, focused on SMEs, and the green portfolio or blue economy.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Assets and Liabilities Manager – ALM
+57 (2) 4850413
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005