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Banco Galicia CL II

Sector: Commercial • Location: Argentina

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project consists of a subsequent loan investment of up to $50 million in Banco de Galicia y Buenos Aires S.A. (Galicia or the Bank) for on lending to Small and Medium Enterprises (SMEs). IFC will incentive the Bank to destine the largest proportion of the new funds of the credit line to finance projects located in frontier provinces, namely Catamarca, Chaco, Corrientes, Entre Ríos, F

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The project “Banco Galicia CL II” is an infrastructure initiative in the Commercial sector, located in Argentina. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

The proposed project consists of a subsequent loan investment of up to $50 million in Banco de Galicia y Buenos Aires S.A. (Galicia or the Bank) for on lending to Small and Medium Enterprises (SMEs). IFC will incentive the Bank to destine the largest proportion of the new funds of the credit line to finance projects located in frontier provinces, namely Catamarca, Chaco, Corrientes, Entre Ríos, Formosa, Jujuy, La Rioja, Misiones, Salta, San Juan, Santiago del Estero, and Tucumán.This project is aimed at complementing IFC’s initial investments in the Bank and particularly a $40 million Credit Line Agreement signed on May 20th, 2005, aimed at funding the origination of medium-term loans to Argentine small- and medium-size corporates active in the agribusiness or other export related sectors.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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