Beccar Varela advises International Finance Corporation on financing to BIND Banco Industrial worth US$55 million.
PRESS RELEASE
Buenos Aires, December 21st, 2018. International Finance Corporation (“IFC”), member of the World Bank Group, granted a credit facility to BIND Banco Industrial for a total amount of US$55,000,000.
BIND Banco Industrial will use the loan funding to expand its lending to small and medium-sized enterprises (SMEs) in Argentina. Through this financing, BIND will offer SMEs longer-term financing than currently available in the local market.
Counsel to IFC
In-house counsel Anne Marie Lauschus.
Beccar Varela: partner Pablo José Torretta and associates Carolina Serra, Ivana Inés Grossi and Andrés Schreiber.
Counsel to BIND Banco Industrial
In-house counsels Adrián Bressani and Romina Gayoso.