Company name
Banco Popular S.A.
Project number
15448-01
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
05/05/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/17/2026
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 $ 48,338,900
Currency
COP
Project scope and objective
The proposed transaction consists of the subscription of an issuance of Silver Subordinated Bonds, issued by Banco Popular S.A. (“Banco Popular” or the “Bank”), unsecured and denominated in Colombian Pesos (“COP”), for an amount equivalent in COP of up to US$50 million in the Colombian secondary market (the “Issuance”), to be fully subscribed by IDB Invest. The Issuance will have a ten-year tenor, with bullet repayment and an option for full prepayment starting in the fifth year. The proceeds from the Issuance will be used to finance the Bank’s senior citizens loan portfolio (silver economy).
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Contact information
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Client Contact
PHONE NUMBER
(+57) 6017-560000
POST OFFICE ADDRESS
Calle 17 # 7 – 43 / Bogotá, Colombia
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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.
SILVER BOND BANCO POPULAR - 15448-01-CO - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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