Banco PAN, S.A.
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 100,000,000
USD $ 50,000,000
Project scope and objective
The proposed transaction consists of an unsecured A/B Loan and Parallel Loans of approximately US$150 million to Banco PAN, to be structured as follows: (i) US$17.5 million held by IDB Invest; (ii) US$32.5 million held by IDB; (iii) US$25 million held by parallel lenders; and (iv) approximately US$75 million mobilized through potential B loan participants. The purpose of the Project is to support the Bank in its efforts to increase financing provided to its microfinance portfolio: (i) low-income retirees portfolio; (ii) acquiring business which refers to the advanced payment of future receivables to microentrepreneurs; and (iii) low-income individuals for financing of new motorcycles. IDB Invest will provide technical advisory services to Banco PAN.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Marcia Lago Rissi de Campos
55 11 3264-7356/ 1197329-0375
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005