Company name
Banco PICHINCHA
Project number
12392-01
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.
E&S category
FI-2
País
Peru
Sector
Financial Institutions
Estado
Proposed
Disclosed date
10/09/2018
N/A
Projected board date
11/09/2018
Approval date
11/16/2018
Signed date
12/14/2018
Sponsoring entity
Banco Pichincha
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 13,000,000
Currency
USD
Project scope and objective
El proyecto consiste en la suscripción de una emisión de bonos subordinados por hasta US$13 millones que será emitida por Banco PICHINCHA a través de una oferta privada. La emisión de bonos subordinados tendrá un plazo de 10 años con 8 años de gracia. El uso de fondos de los bonos subordinados será para el crecimiento del portafolio de microfinanzas de Banco PICHINCHA.
Banco PICHINCHA es una institución financiera constituida en Perú, perteneciente al Grupo Pichincha de Ecuador. Es un banco múltiple con una participación pequeña en el sistema financiero peruano del 2,7% en cartera, ocupando el séptimo lugar. El modelo de negocio del Banco se basa en la prestación servicios y productos a cuatro segmentos de mercado: 45% medianas y pequeñas empresas, 31% consumo (orientada a los segmentos de ingresos medios y bajos), 15% hipotecas y 9% microempresas.
El compromiso del BID Invest con la compra de los bonos estaría sujeto al cumplimiento de ciertas condiciones, incluida la aceptación por parte de la empresa del cumplimiento de las políticas ambientales y sociales del BID Invest mientras BID Invest sea tenedora de los valores.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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 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] ou [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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Environmental and social review
RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL
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