Banco del Bajío

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Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Banco del Bajío
Financing Requested: 
Financial Services
Mexico. The bank has branches in central and northern Mexico.
Scope Objective: 
The project consists of a loan of US$6,000,000 to Banco del Bajío. The loan will have a term of 7 years, including a grace period of up to 2 years. The funds of the loan will be used for 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 Mexican economy. IIC meets its goal of supporting the development of small and medium-size companies through working with a sound Mexican bank.
Environmental Review: 
This is a Category III project according to IIC’s environmental review procedures. Each subloan will be subjected to an environmental and labor review and must comply with Mexican environmental laws, regulations and standards, as well as applicable policies of the IIC.