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
"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 Mexico.
“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,
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 Sabadell (www.bancosabadell.mx)
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
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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