Company name
BANCO W S.A.
Project number
14969-01
FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
E&S category
FI-3
Country
Colombia
Sector
Financial Institutions
Status
Proposed
Disclosed date
10/30/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/04/2024
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 23,192,200
Currency
COP
Project scope and objective
The operation consists of providing support to Banco W S.A. (“Banco W” or the “Bank”) through financing in Colombian Pesos (“COP”) for an amount of up to COP200 billion, with a three-year term and bullet repayment at maturity. BID Invest may share the financing amount with other investors. The financing resources will be used to support the growth of the microenterprise portfolio, microenterprises owned by and/or led by women, and microenterprises in the Amazon region of Colombia.
Additionally, the project will be accompanied by technical advisory services defined in collaboration with Banco W.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
dcpacheco@bancow.com.co
PHONE NUMBER
+57-2 486-3999
POST OFFICE ADDRESS
Av.5 Norte #16N-57, Cali - Colombia
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
BANCO W - FINANCING - 14969-01-CO - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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