📋 Tender Overview
Project Number
50414
Company Name
BANCO AGRICOLA S.A.
Date SPI Disclosed
Jun 3, 2025
Country
El Salvador
Region
Latin America and the Caribbean
Projected Board Date
Jul 4, 2025
Environmental Category
FI-2 - Limited
Status
Pending Signing
Last Updated Date
Department
Regional Industry FIG LAC & EUR
Industry
Financial Institutions
Previous Events
Approved : Jul 25, 2025
Sector
Commercial Banking - General
Project Description
The proposed investment consists of a US$200 million financing package to Banco Agricola S.A. in El Salvador, composed of: 1) an up to US$115 million senior unsecured A loan for IFC's own account (IFC A Loan), to be committed in one single tranche; and 2) an up to US$85 million senior unsecured B Loan (B Loan), split into two tranches: (i) tranche 1: up to US$35 million, to be committed at the moment of the IFC A Loan commitment; and (ii) tranche 2: up to US$50 million, to be committed within up to 18 months after Tranche 1.
Associated Advisory Engagement
IFC expects to continue supporting Banco Agricola in enhancing its product offering through an ongoing advisory project focused on developing specific solutions for sole proprietors and informal SMEs with a gender angle.
