BanBif Green Finance Partnership (Subdebt) (IDBI-11774-04)

Countries
  • Peru
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 26, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Banco Interamericano de Finanzas S.A (BanBif)
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 23, 2018


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Project Description

According to the bank, the Borrower shall use the proceeds of the Subordinated Loan to support its capital structure by increasing its Tier 2 Capital. On the other hand, IDB Invest and BanBif will work together with the support of the Advisory Services Division of IDB Invest to undertake activities aimed at identifying and capturing opportunities for "green" and climate resilient lending, and developing the institutional capacity.

People Affected By This Project

Task

Description

Deadline

Update of ESMS

Enhance ESMS to address E&S risks/opportunities present under a new green line product. Incorporate a climate change analysis within the ESMS. ESMS will reflect the performance requirements to achieve a 20% improvement in sectors financed (energy, water, resource efficiency, etc.), and confirm eligibility against established criteria.

1 year post disbursement

Training

Through an IDB Invest/BanBif defined technical assistance package, strengthen institutional capacity related to green lines, in particular (i) training commercial teams on opportunity identification; (ii) defining methodologies for measuring green line performance; (iii) defining strategic alliances at the local level to help structure and originate opportunities.

To be defined under the TA

Green line portfolio development

With the support of IDB Invest and the assistance of a consultant (individual or firm) contracted for the purpose, BanBif will undertake activities aimed at identifying and capturing opportunities for "green" and climate resilient lending, and developing the institutional capacity required for originating, structuring and placing such products. BanBif will consider contributing in kind and/or financially to cover the cost of the consultant alongside IDB Invest.

Terms of reference and contribution in general, from BanBif, to be confirmed by first disbursement.

6. Contact Information.For project inquiries, including environmental and social questions related to an IDB Invest transaction please contact the client (seeInvestment Summarytab), or IDB Invest using the emaildivulgacionpublica@iadb.org. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing tomecanismo@iadb.orgorMICI@iadb.org, or calling +1(202) 623-3952.

Investment Description
  • IDB Invest
Private Actors
Contact Information

Client Contact Name: Eduardo Rios Aleman
Title: Manager of Treasury Division and Capital Markets
Telephone: (+511) 6133224
Email address: eriosa@banbif.com.pe

Contact Information. For project inquiries, including environmental and social questions related to an IDB Invest transaction please contact the client (see Investment Summary tab), or IDB Invest using the email divulgacionpublica@iadb.org. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or  MICI@iadb.org, or calling +1(202) 623-3952.