Banco de Occidente

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

For project inquiries, including environmental and social questions related to an IIC investment, please contact the client or the IIC using the contact information provided above. In addition, project affected communities have access to the IIC Independent Consultation and Investigation Mechanism.
Tel:+1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
E-mail: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
GU1041A-01
Expected Consideration Date by the Board: 
07/28/1999
Date Posted: 
05/17/1999
Company: 
Banco de Occidente
Financing Requested: 
Sector: 
Financial Services
Location: 
The bank has branches in Guatemala City and national coverage.
Country: 
Scope Objective: 
The project consists of a loan of US$6,000,000 to Banco de Occidente. The loan will have a term of up to 7 years, including a grace period of up to 2 years. The funds of the loan will be used in medium and long-term on-lending to small and medium-size companies, whose majority shareholding is Latin American or Caribbean, and which operate in productive sectors of the Guatemalan economy. IIC meets its goal of supporting the development of small and medium-size companies through working with a sound Guatemalan bank. In addition, the IIC funding will support the stability of the Guatemalan banking system, by providing medium and long-term financing, which in Guatemala is relatively scarce.
Environmental Review: