Banco Davivienda (Costa Rica) S.A.
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Castro Fonseca, Cristie
USD $ 115,000,000
USD $ 30,000,000
Project scope and objective
The transaction consists of a senior unsecured A/B loan for up to US$60 million (the “Project” or the “Loan") to be granted to Banco Davivienda (Costa Rica) S.A. (“Davivienda” or the “Bank”), with a tenor of up to five years from the disbursement date, including a two-year grace period for principal payments. IDB and IDB Invest will provide up to US$30 million in equal shares of US$15 million each for the Loan. The remaining Loan amount will be covered by one or several external lenders (“B Loan"). The main purpose of the financing is to expand the Bank’s green project portfolios and financing in Costa Rica. The Project will also include a technical advisory services component provided by IDB Invest to strengthen new strategies and business niches for the Bank’s green portfolio.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Jonathan Alvarez Mendez
Gerente de Finanzas y Riesgos de Tesorería
(506) 2588-0000. Ext. 9632
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005