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Itau Chile CL

Sector: Manufacturing (Industrial) • Location: Chile

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project consists of a 5-year loan for up to US$100 million to be provided by IFC to Banco Itau Chile (“Itau Chile” or the “Bank") and a 3-year loan for up to US$100 million to be mobilized from other lenders under IFC''s B lender program to support its lending activities to small and medium enterprises (“SMEs”) and women-owned SMEs in Chile.Itau Chile is the eighth largest bank in Chi

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The project “Itau Chile CL” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Chile. 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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Description

Description

The proposed project consists of a 5-year loan for up to US$100 million to be provided by IFC to Banco Itau Chile (“Itau Chile” or the “Bank") and a 3-year loan for up to US$100 million to be mobilized from other lenders under IFC''s B lender program to support its lending activities to small and medium enterprises (“SMEs”) and women-owned SMEs in Chile.Itau Chile is the eighth largest bank in Chile and is expected to merge with Corpbanca in the first half of 2016, resulting in one of the five largest players in the sector. The Bank employs approximately 2,550 staff and has 98 branches throughout the country. The Bank operates with all client segments from individuals to corporate clients offering a full set of financial products.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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