Company name
Banco General Rumiñahui S.A.
Project number
15720-01
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
Ecuador
Sector
Financial Institutions
Status
Proposed
Disclosed date
10/14/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/20/2026
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 $ 20,000,000
Currency
USD
Project scope and objective
The project consists of granting Banco General Rumiñahui S.A. (“Banco General Rumiñahui”, the “Bank” or “BGR”) a renewable senior financing of up to US$40 million, structured as follows: (i) a loan of up to US$20 million provided by IDB Invest; and (ii) a loan of up to US$20 million contributed by other investors. The financing will have an initial term of up to three years and may be renewed for an additional three-year period, subject to approval by IDB Invest and the other investors.
The use of proceeds will be allocated to support the growth of the Bank´s social and public interest housing portfolio, and Small and Medium-Sized Enterprises (“SMEs”) portfolio aligned with the Bank's objectives of expanding access to financial services. Additionally, it is expected to complement the financing with technical advisory services defined jointly with Banco General Rumiñahui, aimed at strengthening its sustainability strategy.
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Contact information
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Client Contact
PHONE NUMBER
+593-2-3-936-200
POST OFFICE ADDRESS
Av. República E37-55 y Martín Carrión - Quito, Ecuador
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.
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.
BGR SENIOR LOAN TO EXPAND FINANCING SOCIAL PROJECTS 15720-01-EC - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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