CMF CL

completed

The proposed project (the “Project”) consists of an up to US$40 million facility to Banco CMF S.A. (the “Bank” or “CMF”), to be structured in up to three subsequent commitments: (i) one commitment for up to US$10 million  (“Loan #1”) with a 12-month bullet repayment, to be committed within  2 months of IFC Board Approval; (ii) another commitment for up to US$15 million  (“Loan #2”) with an 18-month bullet repayment, to be committed within 16 months of IFC Board Approval, only after full repayment of Loan #1; and (iii) a final commitment for up to US$15 million (“Loan #3”) with an 18-month bullet repayment, to be committed within 36 months of IFC Board Approval, only after full repayment of Loan #2.CMF is a wholesale bank in Argentina focused on providing high value services to small and medium enterprise (“SME”) clients. In line with its personalized offering and its niche commercial strategy, as of September 2016, the Bank ranked 33rd in terms of deposits, with a market share of 0.31%, and 32nd in terms of loans, with a market share of 0.34%.