Original disclosure @ IFC website
Updated in EWS May 8, 2022
Disclosed by Bank Aug 23, 2021
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The proposed IFC Investment consists of a subordinated “C” loan of up to US$80 million, (the Project) to be provided to Banco GyT Continental Guatemala S.A. (GyT or the Bank), an IFC client since 2008. The Project’s main objective is to contribute to strengthening the Bank's capital base for future business growth. The Guatemalan banking regulation includes subordinated debt as part of Tier II capital. Also, the funds of the Project will enable GyT to continue its strategic move to gain a stronger presence in the small and medium enterprises (SMEs) market, mortgage housing for individuals, and Climate Smart lending consisting of green buildings in urban areas, and energy efficiency sub-projects.
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