Original disclosure @ IFC website
Updated in EWS May 8, 2019
Disclosed by Bank May 6, 2019
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The proposed project consists of a senior loan of up to US$200 million to Banco General, S.A. (the “Bank”) to be used to finance on-lending activity in Panama’s low and middle income mortgage sector and financing of climate smart sub-projects in solar power generation, green buildings and energy efficiency.
Banco General is incorporated under the law of Panama and started operations in 1955. The Bank operates under the general license of the Superintendence of Panama, which allows it to carry out its business in Panama and overseas. Banco General's subsidiaries include: Finanzas Generales, S. A., B.G. Investment Co., Inc., General de Seguros, S. A., Overseas Capital Markets, Inc., BG Valores, S. A., Banco General (Costa Rica), S. A., Vale General S.A. and Profuturo Administradora de Fondos de Pensiones Y Cesantias, S.A. In addition, the Bank has representative offices in Mexico, Guatemala, El Salvador, Peru and Colombia.
For inquires about the project, contact: Banco General, S.A.
Eugenia de Jimenez
VP Treasury and Investments
Torre Banco General, Aquilino De La Guardia Street
For inquires about IFC: General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
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The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/