Banco Santander III

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: 
PE1015A-03
Expected Consideration Date by the Board: 
05/29/2012
Date Posted: 
04/27/2012
Company: 
Banco Santander Perú S.A.
Financing Requested: 
Up to US$5 million
Sector: 
Financial Services
Location: 
Peru
Country: 
Scope Objective: 

The goal of this financing by the IIC is to support Banco Santander Perú S.A.’s lending activities through a medium-term loan. The proceeds of the loan will be used to provide financing to eligible small and medium-sized enterprises in Peru to serve their working capital needs.

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 environmental requirements and methods for mitigating environmental effects, Banco Santander Perú S.A. has participated in financial intermediary environmental training workshops that are satisfactory to the IIC. Each eligible company must comply with national environmental and labor laws, regulations, and standards as well as IIC environmental guidelines.