Banco Financiero del Perú, S.A.
The purpose of the proposed project is to provide an A/B Loan to Banco Financiero del Perú (“Banco Financiero”). The proceeds of the loan will ultimately help Banco Financiero expand its credit operations with the small and medium-sized enterprise (SME) sector in Peru, mainly through leasing and medium term loan operations. The operation will help the bank grow its loan portfolio and diversify its medium- and long-term sources of funding.
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 Financiero shall be required to attend the IIC environmental training workshop for financial intermediaries. Each subproject will be subject to an environmental review and must comply with domestic environmental and labor laws, regulations, and standards, as well as IIC environmental guidelines.