Mexico City, September 10, 2019. The
International Finance Corporation (IFC), member of the World Bank Group,
and Banco Sabadell, leading institution in digital banking in Mexico, have
signed a US$100 million loan to boost the development of sustainable infrastructure
Banco Sabadell will administer the loan and channel these funds to clients
seeking to develop hotel projects and green buildings that promote practices
such as efficient energy use, rational water management, waste removal
and reduction of harmful emissions to the environment.
"This collaboration is more than a simple transaction; it is a long-term
relationship with a partner who shares our commitment for long-lasting
actions in an environment not only economic and political but social and
environmental." Said Francesc Noguera, Director General of Banco Sabadell
“IFC has two strategic objectives in Mexico: promote competition in the
financial sector and encourage the green finance sector, to support the
Mexican economy that requires more and better credit. With this loan, we
accompany Banco Sabadell in its growth in Mexico, and contribute to the
development of high value-added products for its clients in key sectors
for the reduction of greenhouse gas emissions”, said Ary Naïm, Country
Manager of IFC Mexico.
Banco Sabadell´s current technology-based business model allows to remove
bank branches, cash and reduce the use of paper, to confirm their commitment
as an actor in favor of the environment. These practices, coupled with
the bank's experience in financing projects with similar characteristics
in Mexico, are the reason that IFC chose Sabadell as a key ally.
IFC believes that investment in green buildings and sustainable tourism
infrastructure contributes substantially to the development of countries.
This generates a catalytic effect that encourages growth in areas such
as services, energy, and telecommunications. In the Climate Business Opportunities
in Cities 2018 study, IFC estimates that in terms of green buildings, the
Latin American and Caribbean region represents a potential investment of
US4.1 trillion until 2030.
IFC - a member of the World Bank Group - is the leading international development
institution dedicated to the private sector in emerging markets. Together
with more than 2,000 companies worldwide, we use our capital, experience,
and influence to create opportunities where they are most needed. In 2018,
our long-term financing in developing countries amounted to more than $
23 billion, harnessing the power of the private sector to end extreme poverty
and boost shared prosperity. For more information, visit www.ifc.org
About Banco Sabadell
Banco Sabadell has more than three years of operation in Mexico as a Multiple
Banking Institution with a presence in 13 cities in the country. Banco
had, until of July 31, 2019, a credit portfolio of corporate banking and
companies amount of around 77,000 million pesos and 44,000 million pesos
In Mexico, Sabadell is the first bank created in a 100% mobile model for
individuals and is the first bank institution to join the Fintech Association
of Mexico, which allows it to enrich its digital strategy.
Banco Sabadell Group is the fourth Spanish banking group with total assets
exceeding 225,000 million euros. It constitutes a leading franchise in
the segment of companies and entrepreneurs with international activity
in 20 countries and has more than 2,500 offices and around 26,000 employees.
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