CAF commits USD 137 million to Banco Pichincha to support green financing and women-led MSMEs in Ecuador

CAF, in its role as Lead Arranger, has successfully structured a USD 137 million A/B loan facility for Banco Pichincha. This financing aims to promote inclusive and sustainable growth in Ecuador’s productive sector, particularly by supporting women-led MSMEs and environmental sustainability projects.

The transaction was backed by six leading international financial institutions—Banco Santander, Bladex, Banco Continental, BHD International Bank (Panama), Unibank, and Banco Aliado—acting as B Loan Participants.

This operation underscores CAF’s commitment to private capital mobilization, aligning with the harmonized methodologies of Multilateral Development Banks (MDBs). It also strengthens CAF’s green financing strategy and its support for gender equality in access to credit, while reaffirming market confidence in Banco Pichincha.

The proceeds of the loan will be allocated to projects that foster the growth of women-led MSMEs and to business initiatives focused on environmental sustainability. Specifically, the facility will finance enterprises that promote energy efficiency and the development of green businesses. At least 10% of the total A/B loan will be dedicated to environmental sustainability projects.

CAF continues to consolidate its position as a key private sector resource mobilizer for high-impact projects in the region. Through this transaction, the institution reinforces its strategy of developing innovative financial solutions that support economic development, social inclusion, and environmental sustainability in Latin America and the Caribbean, further solidifying its role in the private sector. With this new operation, CAF not only reaffirms its commitment to green financing and gender inclusion, but also promotes the strengthening of private sector capabilities in Ecuador.

Antonio Silveira, CAF’s Vice President of the Private Sector, stated: "This operation is a testament to how joint efforts can support the development of a sector that is strategic for Ecuador’s economy, such as micro, small, and medium-sized enterprises."

Santiago Bayas, General Manager of Banco Pichincha, highlighted: "These financings strengthen the confidence of regional and global banks in Banco Pichincha, reaffirming our commitment to our clients and to vulnerable segments of society. The funds are destined to support women entrepreneurs and sustainability projects. CAF has been a strategic partner for many years, and we look forward to continuing our long-term collaboration on shared objectives."

Ultimately, this loan represents a strategic alliance between CAF and the international financial sector, showcasing the potential of A/B loan structures to enhance access to financing for a broader range of projects, backed by the expertise and financial strength of the participating institutions.

About CAF - Development Bank of Latin America and the Caribbean

CAF is an institution committed to sustainable development and regional integration. Founded in 1970, it has 22 member countries, including 19 from Latin America and the Caribbean, as well as Spain and Portugal, along with 13 private banks. Its mission is to improve the quality of life of Latin Americans and Caribbeans by financing projects in the public and private sectors, providing technical cooperation, and offering specialized services. CAF is one of the main sources of multilateral financing in the region and a key knowledge provider to strengthen public policies and enhance project impact. (www.caf.com).

About Banco Pichincha C.A.

Founded in 1906, Banco Pichincha C.A. is the largest financial institution in Ecuador and one of the most recognized in the Andean region. With a focus on innovation, sustainability, and economic development, the bank offers a wide range of financial products and services, from personal banking to corporate solutions. Its commitment to the social and economic progress of the communities where it operates reinforces its position as a leader in the banking sector.

About Banco Santander

Banco Santander is one of the world's leading financial institutions, with a strong presence in Europe and Latin America. In Spain, Santander plays a key role in the financial system, offering innovative and sustainable solutions for businesses and individuals. Its commitment to sustainability and economic growth is reflected in its leadership in initiatives that promote financial inclusion, the energy transition, and infrastructure development.

About Bladex

Bladex is a multinational bank originally established by the central banks of Latin American and Caribbean countries. It began operations in 1979 with the goal of promoting foreign trade and economic integration in the region. Headquartered in Panama, the bank has offices in Argentina, Brazil, Colombia, Mexico, and the United States, as well as a representative license in Peru to support regional development and expand its client base, which includes financial institutions and corporations. Bladex has been listed on the New York Stock Exchange (symbol: BLX) since 1992, and its shareholders include central banks, commercial banks, and government entities from 23 Latin American countries, as well as financial institutions, institutional investors, and individual shareholders through public trading. For more information: www.bladex.com.

About Banco Continental S.A.E.C.A

Banco Continental is one of the leading financial institutions in [country]. Founded in [year], the bank has played a key role in the country's economic development, offering a wide range of financial products and services for both individuals and businesses. Its focus on innovation and commitment to excellence have established it as a strategic partner for investment and financing projects, with a strong dedication to sustainable growth and inclusive development in the region.

About BHD International Bank (Panama) S.A.

BHD International Bank (Panama) S.A. is a financial institution recognized for providing innovative and customized banking solutions tailored to the needs of its clients in local and international markets. Headquartered in Panama, the bank is part of the BHD Financial Center and specializes in private, corporate, and investment banking, fostering long-term, trust-based relationships with its clients.

About Unibank, S.A. (Panama)

Unibank, S.A. is a leading financial institution in Panama, dedicated to providing innovative and customized banking solutions to its clients. With a strong commitment to excellence, sustainability, and the country's economic development, Unibank offers a wide range of financial services designed to meet the needs of both individuals and businesses. Its business model is based on strength, trust, and social responsibility, positioning it as a key player in Panama’s financial system.

About Banco Aliado S.A.

Founded in 1992, Banco Aliado S.A. is a Panamanian financial institution known for its strength, innovative approach, and commitment to the country’s economic development. With a broad portfolio of products and services for corporate and individual clients, Banco Aliado plays a key role in Panama’s financial sector, promoting investment and financing solutions that drive sustainable growth.S