Company name
BANCO SANTANDER CHILE S.A.
Project number
16533-01
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
Chile
Sector
Financial Institutions
Status
Proposed
Disclosed date
11/05/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/18/2026
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 $ 50,000,000
Currency
USD
Project scope and objective
The project involves a long-term A/B loan, senior and unsecure, of up to US$250 million. The financing will be structured as follows: (i) an A loan of up to US$50 million to be funded by IDB Invest, with a tenor of seven years; (ii) a B loan of up to US$200 million, funded by one or more institutional investors, with a tenor of three years. The proposed financing will support Banco Santander Chile S.A. (“Banco Santander” or the “Bank”) to increase and diversify its long-term funding sources, enabling the Bank to expand its social housing portfolio in Chile and increase access to affordable housing finance for low- and middle-income households.
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Contact information
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Client Contact
PHONE NUMBER
+56 22 320 3030
POST OFFICE ADDRESS
Bandera 140, Santiago, Chile
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.
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.
SANTANDER CHILE SOCIAL HOUSING LOAN 16533-01-CH - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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