Banco Actinver: MSME Financing in Mexico

proposed

The Project aims to provide a senior unsecured A/B loan of up to US$100 million (the “Project” or the “Financing”) to Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver (“Actinver” or the “Bank”) in Mexico. The Financing is expected to consist of: (i) Tranche I: a committed senior loan of up to US$50 million; and (ii) Tranche II: an uncommitted senior loan of up to US$50million. The Project seeks to support Actinver in the growth of its MSME and green loan portfolio. BID Invest will provide technical assistance services of up to US$40,000 to develop portfolio analyses aimed at strengthening its Sustainable Finance strategy. In addition, the Financing will include an Environmental and Social Action Plan (“ESAP”) and Corporate Governance (“CG”) recommendations, to be approved by Actinver, intended to support its alignment with international standards for financial institutions.