📋 Tender Overview
Project Number
50864
Company Name
Banco BAC San Jose SA
Date SPI Disclosed
May 28, 2025
Country
Costa Rica
Region
Latin America and the Caribbean
Projected Board Date
Jun 27, 2025
Environmental Category
FI-2 - Limited
Status
Active
Last Updated Date
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Previous Events
Approved : Jun 26, 2025
Signed: Jun 30, 2025
Invested: Jul 15, 2025
Sector
Commercial Banking - General
Additional Project Attributes
Blended Finance
Project Description
The proposed investment consists of an up to US$230 million financing package for Banco BAC San José, S.A. ( BAC CR or the Bank ) in Costa Rica, consisting of: (i) an up to US$200 million senior unsecured loan for IFC’s own account (IFC A Loan); and (ii) a Global Trade Finance Program (GTFP) unfunded guarantee line of up to US$30 million. The loan will have a 5-year tenor and 2-year grace period and will be used to support the growth of the Bank’s climate and micro, small and medium enterprises (MSMEs) portfolios, with at least 40% destined to finance climate sub-projects, and at least 30% will be allocated to women-owned businesses (WSMEs) (the Project).
