BBVA Col SMEs (IFC-40615)

Countries
  • Colombia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 15, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA S A
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Small & Medium Enterprises
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 4, 2021

Disclosed by Bank Feb 12, 2018


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed project entails an A Loan of up to US$150 million to support the growth of the (i) low and middle-income housing and (ii) Small and Medium-Sized Enterprises (“SMEs”) loan portfolios of Banco Bilbao Vizcaya Argentaria Colombia (“BBVA Colombia” or the “Bank”), a full subsidiary of Banco Bilbao Vizcaya Argentaria (“BBVA”).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actor Relationship
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).

The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.

The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.

An extended list of private actors is available in a separate file. 

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

BBVA Colombia ranks as the 4th largest bank in Colombia by gross loans, holding a 10% market share as of September 30, 2017. BBVA Colombia is a universal bank, offering a broad range of products and services and attending all segments: from consumer and SMEs to corporates and investment banking. The Bank operates in Colombia through a network of 527 branches, 1,339 ATMS, 4,755 banking agents and 6,097 employees.

 

BBVA is a global financial services group founded in 1857 and engaged in retail banking, wholesale banking, asset management, and private banking. Its diversified business is focused on high-growth markets (including Mexico, Peru, and Colombia), and it relies on technology as a key sustainable competitive advantage. BBVA reports approximately EUR 690 billion in total assets and 72 million customers, through a network of 8,271 branches, as of December 31, 2017.

 

BBVA currently holds a direct 95.5% equity stake in BBVA Colombia.                                

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Banco Bilbao Vizcaya Argentaria SA (BBVA) Parent Company -
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in A2a Spa Parent Company Energy
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in AAP Metals LLC Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Abbott Labs Parent Company Education and Health
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Abengoa Abenewco 1 SAU Parent Company Energy
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Abertis Holdco Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Abertis Infraestructuras SA Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Acciona SA Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Acek Desarrollo y Gestion Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Acoustics & Insulation Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in ACS Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in ACS Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in ACS Parent Company Water and Sanitation
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in ACS Parent Company Energy
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Adveo Group International SA Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in AECOM Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Africana Energia SL Parent Company Energy
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Agencia Guipuzcoana de Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Agrial Finances Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Agricultores de la Vega de Parent Company Energy
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Agrolimen SA Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Air Products & Chemicals Inc Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Akumin Corp Parent Company Education and Health
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Alamo Group Inc Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Aldesa Agrupacion Empresarial Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Aldesa Construcciones SA Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Alexandria RE Equities Inc Parent Company Infrastructure
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Alexion Pharmaceuticals Inc Parent Company Education and Health
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Alfa SAB de CV Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Almacenes Metalurgicos SA Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Alta Grand Central LLC Parent Company Infrastructure
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Altan Pharma Spain SLU Parent Company Education and Health
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Alten Alconera Dos SL Parent Company Energy
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Amcor Ltd Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in American Midstream Partners LP Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in American Realty Capital Parent Company Infrastructure
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in American Realty Capital LLC Parent Company Infrastructure
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in American Tower Corp Parent Company Infrastructure
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Americold Realty Trust Parent Company Infrastructure
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Amsted Industries Inc Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Ancient Baths Group SL Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Anglo American PLC Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Antin Infrastructure Partners Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Aperam SA Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Apollon Holding AS Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Apoyo y Logistica Ind Canarias Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Aquamatrix Inc Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in ArcelorMittal SA Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Archer Daniels Midland Co Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Archrock Inc Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in ArcLight Capital Partners LLC Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Arconic Inc Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Ardo Coordination Center NV Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in ARTECHE LANTEGI ELKARTEA SA Parent Company Energy
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Astilleros de Murueta SA Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Asturias Propco Numero Uno Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Aten Oil Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Atlantia Spa Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Atlantic Pacific Equipment Inc Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Atos SE Parent Company Communications
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Audax Group LP Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Austin Industries Inc Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Autoestrada Transmontana Road Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Autopista de la Mancha Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Autoridad Portuaria de Santa Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Avigrupo Mexico Sa Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in AZVI SA Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bacardi & Co Ltd Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Baker Hughes Inc Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Banco Santander SA Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in BANKINTER SA Parent Company Infrastructure
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in BASF SE Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bayer AG Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bayerische Motoren Werke AG Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in BC Participadas SA Parent Company Communications
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Befesa SA Parent Company Water and Sanitation
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bel Fuse Inc Parent Company Communications
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in BHP Billiton Ltd Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bid Corp Ltd Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Black Stone Minerals Co LP Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Blackbeard Operating LLC Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Blackstone Group LP Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Blackstone Group LP Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Blue Ridge Mtain Resources Inc Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bodegas y Vinedos Fernandez Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Boeing Co Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bombardier Inc Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bombardier Transp Finl Parent Company Construction
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bondalti Chemicals Sa Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in BP PLC Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Brandt Consolidated Inc Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in BreitBurn Energy Partners LP Parent Company Mining
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bristol-Myers Squibb Co Parent Company Education and Health
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in British American Tobacco PLC Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Broadcom Inc Parent Company Communications
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Broe Group Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in BSA SAS Parent Company Agriculture and Forestry
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bsrep Iii Andromeda Pooling LP Parent Company Industry and Trade
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in BTG Pactual Holding SA Parent Company Transport
Banco Bilbao Vizcaya Argentaria (BBVA) Investor Finance invests in Bunge Ltd Parent Company Agriculture and Forestry

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCOUNTABILITY MECHANISM OF IFC

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/

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How it works