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Administradora de Fondos de Pensiones Integra, S.A.

Sector: Government • Location: Peru

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA extended $15 million in coverage to Internationale Nederlanden Bank, N.V. (ING) of the Netherlands for its $13.9 million loan to expand its Peruvian affiliate, Administradora de Fondos de Pensiones Integra, S.A., a pension management fund. The project will expand the breadth of personal coverage offered to Peruvian citizens, relative to the country's nine other such funds, from exclusively p

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The project “Administradora de Fondos de Pensiones Integra, S.A.” is an infrastructure initiative in the Government sector, located in Peru. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Description

Description

MIGA extended $15 million in coverage to Internationale Nederlanden Bank, N.V. (ING) of the Netherlands for its $13.9 million loan to expand its Peruvian affiliate, Administradora de Fondos de Pensiones Integra, S.A., a pension management fund. The project will expand the breadth of personal coverage offered to Peruvian citizens, relative to the country's nine other such funds, from exclusively pension guarantees to include life and health insurance policies. Collectively, increased competition in the sector is expected to revitalize the insurance sector, boost capital markets, and increase national savings. ING's loan is covered against the risks of currency transfer and expropriation of funds.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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