MICROCAPITAL BRIEF: IFC to Loan $50m to BanBif of Peru to Support Small, Medium-Sized Enterprises (SMEs)

The International Finance Corporation (IFC), a member of the World Bank Group, recently announced that it would loan USD 50 million to Banco Interamericano de Finanzas (BanBif), a Peruvian commercial bank, in an effort to double the number of small and medium-sized enterprises (SMEs) served by the bank by 2017. BanBif has an SME loan portfolio of approximately USD 560 million that serves 32,000 SMEs in 15 regions of the country. [1]

As of 2011, the bank reported total assets of PEN 5.3 billion (USD 2.1 billion), a gross loan portfolio of PEN 3.4 billion (USD 1.3 billion), deposits of PEN 3.9 billion (USD 1.5 billion), return on assets (ROA) of 1.34 percent and return on equity (ROE) of 18.9 percent. The number of clients is not available.

As of 2012, IFC has 184 member countries, total assets of USD 75.8 billion, ROA of 1.8 percent and return on capital of 6.5 percent.

By Jennifer Young, Research Associate

About International Finance Corporation (IFC)
A member of the US-based World Bank Group, the International Finance Corporation (IFC) offers loans, equity investments, advisory services and technical assistance to private companies with the intent of alleviating poverty and promoting open and competitive markets in developing countries. As of 2012, IFC has 184 member countries, total assets of USD 75.8 billion, return on assets of 1.8 percent, return on capital of 6.5 percent and USD 15.5 billion mobilized to 576 projects.

About BanBif
BanBif (formerly known as Banco Interamericano de Finanzas) is a bank based in Peru. As of 2011, the bank reported total assets of PEN 5.3 billion (USD 2.1 billion), a gross loan portfolio of PEN 3.4 billion (USD 1.3 billion), deposits of PEN 3.9 billion (USD 1.5 billion), return on assets (ROA) of 1.34 percent and return on equity (ROE) of 18.9 percent. Information on the number of clients is not available.

Sources and Additional Resources

[1] International Finance Corporation Press Release, “IFC invests $50 million to Help Expand Access to Finance to Small and Medium Enterprises in Peru”
http://www.ifc.org/IFCExt/Pressroom/IFCPressRoom.nsf/0/96CCBFD3CB72DD4285257B6B004CD842

MicroCapital Story, May 14, 2013, “MICROCAPITAL BRIEF: IFC, Canadian International Development Agency (CIDA), Atlantic Bank of Belize Extend Effort to Improve Access to Small, Medium-Sized Enterprises, Increase Portfolio to $35m by 2014,”
https://www.microcapital.org/microcapital-brief-ifc-canadian-international-development-agency-cida-atlantic-bank-of-belize-extend-effort-to-improve-access-to-small-medium-sized-enterprises-increase-portfolio-to-35m-by-201/

MicroCapital Story, January 2, 2013, “MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $5m to La Nacional of the Dominican Republic for Housing, Small and Medium-Sized Enterprise (SME) Lending,”
https://www.microcapital.org/microcapital-brief-international-finance-corporation-ifc-loans-5m-to-la-nacional-of-the-dominican-republic-for-housing-small-and-medium-sized-enterprise-sme-lending/

MicroCapital Story, December 4, 2012, “MICROCAPITAL BRIEF: BanBif of Peru to Sell $400m in Bonds to Fund Microfinance Loans in 2013,”
https://www.microcapital.org/microcapital-brief-banbif-of-peru-to-sell-400m-in-bonds-to-fund-microfinance-loans-in-2013/

MicroCapital Story, November 17, 2011, “MICROCAPITAL BRIEF: International Finance Corporation (IFC) Mobilizes $40m to Support Peruvian Microfinance Institution Mibanco,”
https://www.microcapital.org/microcapital-brief-international-finance-corporation-ifc-mobilizes-40m-to-support-peruvian-microfinance-institution-mibanco/

MicroCapital Universe Profile: International Finance Corporation
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=International+Finance+Corporation+%28IFC%29

MicroCapital Universe Profile: BanBif (Banco Interamericano de Finanzas)
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=BanBif+%28Banco+Interamericano+de+Finanzas%29

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