DCM Banco GyT DPR (IFC-49872)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Guatemala
Geographic location where the impacts of the investment may be experienced.
Specific Location
Ciudad de Guatemala
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
B
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
Oct 15, 2025
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
SPV Banco GyT DPR
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Finance
  • Industry and Trade
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 200.00 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)
$ 200.00 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)
$ 200.00 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 Oct 21, 2025

Disclosed by Bank Sep 12, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.

According to the IFC, the proposed project consists of a sustainable Diversified Payments Rights (“DPR”) notes issuance of up to US$200 million by Banco G&T Continental (“GTC”), an IFC client since 2008, in Guatemala. The investment will be executed under the Bank’s existing DPR program and through a Special Purpose Corporation (Titularizadora Centro Americana de DPRs or the “SPC”). The sustainable notes will be collateralized by US-denominated DPRs originated by GTC and will have a tenor of 7 years, with a 2-year grace period. The use of proceeds of the investment is to support GTC’s loan portfolio growth in:

(i) climate-related assets, including green buildings and energy-efficiency sub-projects;
(ii) Small and Medium Enterprises (“SMEs”) in accordance with IFC’s definition and applicable local regulation; and
(iii) low-income housing, with a specific carve out to support women home ownership.  The aforementioned use of proceeds will comply with applicable Guatemalan Regulations, including E&S requirements.

The project will support SMEs, mortgage housing for women and other individuals, and Climate Smart lending consisting of green buildings, energy and water efficiency, and solar power sub-projects in urban areas.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the IFC, the proposed transaction consists of a 7-year (2-year grace period) senior loan for IFC's own account of up to US$200 million to the SPC, serviced by GTC. The SPC owns any existing and future-generated Diversified Payment Rights immediately upon their generation. The collections of such DPRs are expected to be the only repayment source of IFC’s investment. The funds of the Project will enable GTC to continue its strategy implementation to grow a stronger presence in the SME segment, residential mortgages, and climate lending.

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 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.

As stated by the IFC, GTC was established in 2001, as a result of a merger between Banco Granai & Townson and Banco Continental. Based in Guatemala, the Bank is the third largest player in the banking sector. It operates as a universal bank with a focus on the large corporate segment and is a strong player in the remittance business. GTC supports its operations through a network of agencies and service points that provide coverage across the country.

The Group is composed of the following entities: Banco G&T Continental, S.A.; Financiera G&T Continental, S.A.; Casa de Bolsa G&T Continental, S.A.; Asesoria en Valores, S.A.; and Seguros G&T, S.A.

GTC Investments LTD (based in Cayman Islands) has a direct ownership of 99.9% in the Bank and all the subsidiaries, with most beneficial shareholders being leading, well-reputed Guatemalan business groups and families, active in various sectors of the economy.


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.

Financial Intermediary - Banco GyT Continental:

Julio Sandoval - Chief Financial Officer
Phone: (502) 2338 6801 Ext.: 33690
Email: jsandoval@gtc.com.gt 
Address: 6ª. Avenida 9-08 zona 9, Plaza G&T Continental, Quinto Nivel
Website: https://www.gtc.com.gt/  

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works