Lafise Group Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama) (BNDES-LAFISEGROUPCENTRAL2)

Countries
  • Costa Rica
  • El Salvador
  • Guatemala
  • Honduras
  • Nicaragua
Where the impacts of the investment may be experienced.
Financial Institutions
  • Brazil National Development Bank (BNDES)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
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.
Borrower
Lafise Group Panama Inc and Banco Lafise Bancentro
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 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)
$ 133.34 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 @ BNDES website

Updated in EWS Aug 13, 2019

Disclosed by Bank Sep 14, 2018


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Project Description

According to the Agency's document, this project will: (i) finance the expansion of the Borrowers’ small- and medium-sized enterprise, consumer and housing portfolio in El Salvador, Guatemala, Honduras, Costa Rica, Nicaragua, and Panama; and (ii) strengthen the capital base of LGP’s banking subsidiaries in Costa Rica, Honduras, and Panama.

Investment Description
  • Brazil National Development Bank (BNDES)
Private Actors