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BIF Tier II

Sector: Manufacturing (Industrial) • Location: Peru

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_The project consists of an IFC investment of up to $18 million in the form of a subordinated loan to Banco Interamericano de Finanzas (BIF or the Bank). The Subordinated Loan from IFC will be used as Tier II capital for the Bank and have a maturity of up to 10 years. The proposed investment is intended to strengthen the Bank’s capital base and support its growth by providing the necessary

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Project Information

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The project “BIF Tier II” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Peru. 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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Taiyo last update

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Description

Description

_x000C_The project consists of an IFC investment of up to $18 million in the form of a subordinated loan to Banco Interamericano de Finanzas (BIF or the Bank). The Subordinated Loan from IFC will be used as Tier II capital for the Bank and have a maturity of up to 10 years. The proposed investment is intended to strengthen the Bank’s capital base and support its growth by providing the necessary funding to promote its lending activities. BIF was established in 1991 and is currently ranked sixth in Peru’s financial system in terms of the credit portfolio with 3.98% market share, and fifth in terms of deposits with 3.29% market share. BIF offers a wide range of banking services to commercial, corporate and retail customers. BIF’s shareholders are Landy S.A. (50.05%) and Britton S.A. (49.95%), both industrial companies that form part of Grupo Fierro.

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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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