Company name
BANCO INDUSTRIAL EL SALVADOR SA
Project number
16172-01
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.
E&S category
FI-2
Country
El Salvador
Sector
Financial Institutions
Status
Proposed
Disclosed date
08/10/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/19/2026
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 $ 50,000,000
Currency
USD
Project scope and objective
The objective of the transaction is to provide financing to Banco Industrial El Salvador, S.A. (“BIES” or the “Bank”) through the subscription of unsecured senior debt tokens, denominated in Dollars of the United States of America (“US$”), issued by BIES, for up to US$50 million, with BID Invest as the potential lead investor/subscriber. The transaction seeks to fund BIES’s loan portfolio in El Salvador through an innovative tokenized debt structure, approved under the regulatory framework of the Republic of El Salvador, placed on the Digital Exchange (“DAX”) platform, the digital arm of Grupo Bolsa de Valores de El Salvador, as a Digital Asset Service Provider, under the Salvadoran digital assets framework supervised by the National Commission of Digital Assets (“CNAD,” for its acronym in Spanish), the competent State authority for Digital Assets, mainly for Small and Medium-Sized Enterprise (“SME”) portfolios and possibly Women-led SMEs. With this transaction, BID Invest reaffirms its support for technological development and innovation in El Salvador.
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Contact information
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Client Contact
PHONE NUMBER
+(503) 2213-1717 Ext. 71032
POST OFFICE ADDRESS
Avenida Las Magnolias #144, Colonia San Benito, San Salvador, El Salvador
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For information requests about the project.
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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 INDUSTRIAL - DIGITAL ASSET BOND - 16172-01 ES - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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