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Mifel

Sector: Residential • Location: Mexico

Source: International Finance Corporation (IFC)

Project
Completed

The proposed project consists of an equity investment, in the form of common shares, in Grupo Financiero Mifel S.A. de C.V. (Mifel or the Group), a local-owned financial group composed of commercial banking, factoring, leasing and mutual fund management companies. Banca Mifel, by far the largest entity of the Group, was established in Mexico City in 1993 and has traditionally targeted corporates,

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The project “Mifel” is an infrastructure initiative in the Residential sector, located in Mexico. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

Taiyo status

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Email

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Description

Description

The proposed project consists of an equity investment, in the form of common shares, in Grupo Financiero Mifel S.A. de C.V. (Mifel or the Group), a local-owned financial group composed of commercial banking, factoring, leasing and mutual fund management companies. Banca Mifel, by far the largest entity of the Group, was established in Mexico City in 1993 and has traditionally targeted corporates, small and medium companies (SMEs), the agribusiness sector and medium-sized real estate developers. Mifel’s overall market share by loans, assets and deposits is less than 1% in the Mexican banking system. IFC’s equity investment would be between MXN 240 and 300 million ($20 to $25 million equivalent), or up to an 18% equity stake. This project is eligible for an investment from the Africa, Latin America and Caribbean (ALAC) fund.

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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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More Details

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Article Published Date

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