BBVA Banco Continental S.A.

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Project Number: 
PE3788A-03
Expected Consideration Date by the Board: 
09/22/2009
Date Posted: 
08/21/2009
Company: 
BBVA Banco Continental S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Lima
Country: 
Scope Objective: 

The project consists of providing financing to small and medium-size enterprises in Peru for working capital or the purchase of fixed assets and machinery originating in IIC member countries. The beneficiary companies shall not exceed US$20 million in assets or yearly revenue.

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. BBVA Banco Continental S.A. has attended the IIC environmental training workshop for financial intermediaries. 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.