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According to the IFC, the proposed project consists of a consists of an up to US$45 million 10-year non-call 5 (10NC5) Basel 3 Tier II (B3T2) compliant subordinated bond to be issued by Banco Bilbao Vizcaya Argentaria Colombia S.A. (“BBVA Colombia” or the “Bank”) and subscribed by IFC. The proceeds of the bond will be used to finance businesses and projects that prevent losses in biodiversity and/or protect nature comprising activities related to productive land uses for climate-smart agriculture, sustainable freshwater/marine production, waste and plastic management, eco-tourism, forestry and plantations, land use conservation and marine habitat conservation.
According to he IFC, BBVA Colombia is a systemic financial institution (FI), being the 4th largest bank in Colombia and the largest foreign player with market shares of 11% in terms of loans and deposits as of September 2024. The Bank has US$24.4 billion in total assets and a capital base of US$1.5 billion, with ample presence in the country through a network of 475 branches, 1,485 ATMs, more than 62,000 banking agents, 5,411 employees, and over 2.9 million clients. The Bank is a subsidiary of Banco Bilbao Vizcaya Argentaria S.A (“BBVA Group” or the “Group”), one of the largest financial groups worldwide with over 160 years of experience. As of September 2024, BBVA Group serves over 77.2 million clients in more than 25 countries, through 5,749 branches, 30,391 ATMs, and more than 125,000 employees. The Group’s reported total consolidated assets amounted to US$860.9 billion, with a capital base of US$62.6 billion.
Banco Bilbao Vizcaya Argentaria Colombia S.A
David Pacheco
Director de Sostenibilidad
(+57) 3106189288
carlosdavid.pacheco@bbva.com
Carrera 9 # 72-21 Piso 8 - Bogotá Colombia
ttps://www.bbva.com.co
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