Banco Internacional S.A.

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
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E-mail: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
GU3781A-01
Expected Consideration Date by the Board: 
07/13/2010
Date Posted: 
05/28/2010
Company: 
Banco Internacional S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 

Banco Internacional S.A. is a private bank in Guatemala that provides a full line of financial services to its clients. Banco Internacional S.A. is part of Grupo Bancario IF’s finance division, which comprises six banks located throughout the Americas. The purpose of the IIC project is to support the bank’s lending activities and partially fund the growth of its SME portfolio in Guatemala. The IIC’s US$3 million loan will enable Banco Internacional S.A. to expand its medium-term financing.

Environmental Review: 

Environmental and Labor Issues:

This is a category III project according to the IIC’s environmental and labor review procedure because it could produce certain effects that may be avoided or mitigated by following generally recognized performance standards, guidelines, or design criteria. To enable the Borrower to better understand the IIC’s requirements, Banco Internacional S.A. shall be required to attend the IIC financial intermediary environmental training workshop. Each subproject will be subject to an environmental review and must comply with national environmental and labor laws, regulations, and standards as well as IIC environmental guidelines.