Banco Industrial DPR Financing (IIC-11864-02)

  • Guatemala
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
Bank Risk Rating
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
Jul 31, 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.
Banco Industrial Guatemala
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 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)
$ 300.00 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 @ IIC website

Updated in EWS Sep 18, 2018

Disclosed by Bank Jun 12, 2018

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Can you contribute information about this project?
Contact the EWS Team

Project Description

This project subscribes to notes issued by Banco Industrial, the proceeds of which will be used to expand Banco Industrial's residential mortgage portfolio for low and middle-income segments, as well as to finance micro, small and medium enterprises (MSMEs) in the productive sector of Guatemala.

Early Warning System Project Analysis

The bank has rated this project as FI-2, which corresponds to medium risk or a B rating. 

People Affected By This Project

According to the IIC, there may be moderate to significant indirect environmental, social, health, safety, and labor impacts. Banco Industrial's microfinance portfolio is concentrated mainly in commerce (62.8%), commercial real state (10.1%), manufacturing industries (9.6%), transportation and storage (7.4%) and community, social and personal services (6.0%) economic sectors, which present risks in the form of possible air, water and soil contamination, noise and vibration, and labor impacts.

Investment Description
  • IDB Invest

The Inter-American Development Bank Group will purchase US$100 million of the notes issued with a tenor (holding period) of 11 years. The total value of the notes issued by Banco Industrial is around US$300 million.

Private Actors
Contact Information

Luis Jorge Sifontes
Title: Subgerente Corresponsalia y Financiamiento del Exterior
Phone number: +(502) 2331-6234
E-mail address:

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).