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Pichincha SL

Sector: Commercial • Location: Colombia

Source: International Finance Corporation (IFC)

Project
Completed

The purpose of the proposed transaction is to support Banco Pichincha S.A in Colombia (“the Bank” or “Pichincha”) through subscription to bonds to be issued by the Bank, which would facilitate resources for existing operations and expansion of its lending to small and medium enterprises (“SME”) and students. Pichincha has its origins in 1964 as a non-bank regulated financial company. It was acquir

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Project Information

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The project “Pichincha SL” is an infrastructure initiative in the Commercial sector, located in Colombia. 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 purpose of the proposed transaction is to support Banco Pichincha S.A in Colombia (“the Bank” or “Pichincha”) through subscription to bonds to be issued by the Bank, which would facilitate resources for existing operations and expansion of its lending to small and medium enterprises (“SME”) and students. Pichincha has its origins in 1964 as a non-bank regulated financial company. It was acquired by Grupo Pichincha C.A. (the “Group”) in 1998 and renamed Inversora Pichincha. After achieving national coverage and a critical mass of clients, Inversora Pichincha was finally transformed into a commercial bank in 2011. Pichincha has positioned itself as a consumer focused bank, with education and payroll-deduction loans as its main products. The Bank’s corporate lending focuses mostly on SMEs rather than large companies.

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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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