Company name
SANTANDER ARGENTINA
Project number
15597-01
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
Argentina
Sector
Financial Institutions
Status
Proposed
Disclosed date
10/30/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/02/2025
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
ARS
Project scope and objective
The transaction consists of a revolving, uncommitted guarantee (the "Facility") in favor of Banco Santander Argentina S.A. (“Santander Argentina” or the “Bank”), which provides coverage for corporate confirming portfolios corresponding to eligible anchor companies based in the country and which are clients of Santander Argentina (the “Anchor Companies”), with the aim of generating capital savings and applying them to the expansion of financing to suppliers in the Small and Medium-Sized Enterprises ("SMEs") segment.
The Facility will be operated on an unfunded basis, under which IDB Invest may, at its sole discretion, issue guarantees in favor of Santander Argentina to cover the factoring operations of certain Anchor Companies (in the form of unfunded participations connected to SBLCs). The amount of the transaction will be up to US$50 million or its equivalent in local currency. The Facility will enable suppliers of Santander Argentina's Anchor Company clients to expand their capacity to receive financing on competitive terms, facilitating the possibility of shortening the cash conversion cycle by advancing the payment of their accounts receivable.
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Contact information
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Client Contact
PHONE NUMBER
+5411 4341-1000
POST OFFICE ADDRESS
Av. Garay 151, Ciudad Autónoma de Buenos Aires, Argentina
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals 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.
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.
BANCO SANTANDER - GUARANTEE PROGRAM - 15597-01-AR - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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