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Banco Wiese Sudameris

Sector: Government • Location: Peru

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA has provided Banque Sudameris S.A. of France a guarantee for $58.4 million to cover its $50 million shareholder loan (and interest) to Banco Wiese Sudameris of Peru. The coverage is for five years, and is against the risks of transfer restriction and expropriation of funds. A key development objective for the government of Peru is to increase medium- to longterm financing, especially for SME

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Project Information

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The project “Banco Wiese Sudameris” 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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Participants

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not active

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Description

Description

MIGA has provided Banque Sudameris S.A. of France a guarantee for $58.4 million to cover its $50 million shareholder loan (and interest) to Banco Wiese Sudameris of Peru. The coverage is for five years, and is against the risks of transfer restriction and expropriation of funds. A key development objective for the government of Peru is to increase medium- to longterm financing, especially for SMEs and for residential housing. This project will allow Banco Wiese Sudameris to expand its operations in Peru and support Peruvian companies with financing, which is in short supply in the country. It is expected to have a significant developmental impact since the bank will concentrate on the retail sector, SMEs and mortgage financing.

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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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