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Lafise Bancentro: A loan to support Nicaragua’s export sector
Project
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Signature date
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Location
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Nicaragua
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Financing tool
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Financing amount (Euro)
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26959022
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Financing details
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USD 30m loan
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Customer
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Banco Lafise Bancentro
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Type of customer
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Financial institution
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Country of headquarters
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Nicaragua
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Project number
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PNI1006
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Environmental and social ranking
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IF-B
The loan allocated by Proparco to Lafise Bancentro, the second largest bank in Nicaragua, will support the export sector for Nicaraguan products and in particular the country’s SMEs.
Client presentation
Banco Lafise Bancentro (“Lafise”) is the second largest bank in Nicaragua in terms of assets. The bank is the main subsidiary of Lafise Group, one of the regional leaders in the field of financial services, with operations in 11 countries in Central America and South America. Banco Lafise Bancentro started its operations in 1991, under the name Banco de Crédito Centroamericano, S.A.
Project description
The project involves a USD 30m loan to Lafise, which is more broadly part of a USD 100m DPR (Diversified Payment Rights) program arranged by Crédit Suisse.
Proparco’s financing will promote the export sector for Nicaraguan products and in particular the country’s SMEs.
Project impact
The project involves a USD 30m loan to Lafise, which is more broadly part of a USD 100m DPR (Diversified Payment Rights) program arranged by Crédit Suisse.
Proparco’s financing will promote the export sector for Nicaraguan products and in particular the country’s SMEs.