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Galicia CL III

Sector: Waste Processing and Treatment • Location: Argentina

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project consists of an up to US$130 million loan to Banco Galicia (the “Bank”) to be structured in two tranches: (a) a 5-year tranche to on lend to small and medium enterprises (“SMEs”); and (b) a 7-year tranche to on lend to sustainable energy finance (“SEF”) projects in Argentina.As of December 2015, Banco Galicia ranked third in Argentina in terms of assets and fourth in terms of d

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The project “Galicia CL III” is an infrastructure initiative in the Waste Processing and Treatment sector, located in Argentina. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

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completed

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Description

Description

The proposed project consists of an up to US$130 million loan to Banco Galicia (the “Bank”) to be structured in two tranches: (a) a 5-year tranche to on lend to small and medium enterprises (“SMEs”); and (b) a 7-year tranche to on lend to sustainable energy finance (“SEF”) projects in Argentina.As of December 2015, Banco Galicia ranked third in Argentina in terms of assets and fourth in terms of deposits and loans, with a market share of 7.4% and 8.9%, respectively. In addition, the Bank ranks second among private banks, behind Banco Santander Rio. Banco Galicia is a full service bank with a significant presence in the retail and SMEs sectors, with a strong focus in agribusiness. In addition, the Bank has 5,573 employees and almost 4 million active clients.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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