IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, has provided an unsecured revolving loan for $15 million to Banco CMF to increase access to financing for medium-sized companies in Argentina.

The financing from IDB Invest supports Banco CMF in its strategy to expand its portfolio of medium-sized companies with traditional financial products and incorporate new products that add value to its clients. The operation allows Banco CMF to promote the cross-selling of a range of transactional services, such as financial, trade and consulting services.

The project also includes opportunities for improvement in Banco CMF's environmental, social, health and safety management system. Based on a diagnosis based on its quality standards, IDB Invest has developed an action plan that reinforces the bank's mechanisms for the identification and evaluation of impact and risks.

IDB Invest financing has a tenor of 7 years, which is infrequent in the marketplace. This allows Banco CMF to better manage its liquidity risk and grant adequate financing conditions to medium-sized companies.

About IDB Invest
IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to supporting Latin America and the Caribbean businesses. It finances sustainable enterprises and projects to achieve financial results that maximize economic, social and environmental development for the region. With a current portfolio of US$11.2 billion under management and 330 clients in 23 countries, IDB Invest works across sectors to provide innovative financial solutions and advisory services that meet the evolving demands of its clients. As of November 2017, IDB Invest is the trade name of the Inter-American Investment Corporation.

About Banco CMF
Banco CMF is a financial institution with 40 years of experience in the Argentine market focused on medium-sized companies without a branch network. Its business model focuses on developing and maintaining solid business relationships with its customers, in order to gain a close knowledge of their credit and risk needs. For this reason, the variety of products they offer and a specialized customer service are fundamental.