This Distressed Asset Recovery Program (DARP) investment will help to address the early impacts of COVID-19 on the financial system in Colombia. The proposed transaction (DARP Reintegra II or Reintegra II), is a repeat transaction and consists of a DARP platform dedicated to acquiring retail and micro small and medium-sized enterprises (MSME) non-performing loan (NPL) portfolios originated by Bancolombia S.A., the largest bank in Colombia. Reintegra II is expected to have a total capitalization of up to US$70 million, with an IFC investment of up to US$30 million in the form of junior tranches. Other investors include Banca de Inversión Bancolombia S.A. Corporación Financiera (BIB) and Covinoc.
The remining amount (US$40 mi) of the retail and micro small and medium-sized enterprises (MSME) non-performing loan (NPL) acquiring, which results in the creation of REINTEGRA, is beeing financed by (a) Banca de Inversión Bancolombia S.A. Corporación Financiera (BIB) and (b) Covinoc.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Covinoc||Investor||Finance||contracts with||Grupo Bancolombia||Investor||Finance|
|International Finance Corporation (IFC)||Buyer||Finance||contracts with||Grupo Bancolombia||Investor||Finance|
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