Davivienda EQ

completed

_x000C_The proposed project is to provide a $200 million financing package to Banco Davivienda S.A. (Davivienda or the Bank). This financing package will be used by Davivienda in connection with its acquisition of Granbanco S.A. (Granbanco). The acquisition of Granbanco represents a unique opportunity for Davivienda in order to: - obtain immediate access to an extensive branch network, including branches in regions not currently covered by the Bank; - a well-diversified, low-cost deposit base; - the existence of international branches in Panama and Miami; - a well organized treasury department with a very active trading desk, which complements the existing treasury structure of Davivienda; - high liquidity that can be easily converted into loans or cash; and - the possibility to become Colombia’s third largest bank and to be much better positioned to face the challenges for a more competitive financial sector.