Banco de Crédito de Bolivia, S.A.

This summary covers investments by Banco de Crédito del Perú (BCP) in its subsidiary Banco de Crédito de Bolivia, S.A. (BCB). The investor has applied for a MIGA guarantee of up to $103.5 million for a period of up to 15 years against the risks of transfer restriction and expropriation.

BCB has used the ongoing equity participation from BCP, its main shareholder, to continue its operations, expand its lending portfolio, and improve its technology infrastructure.

Environmental Categorization

The project is a category FI under MIGA’s Policy on Social and Environmental Sustainability.

Development Impact

MIGA’s guarantee will help sustain and further grow BCB’s portfolio, which primarily supports lending to small and medium enterprises. MIGA’s support will also enable BCB to remain engaged in the Bolivian financial sector with the same commitment that has yielded measurable development progress in the past. Through MIGA’s involvement, BCB may continue to rely on its parent bank’s financial backing, making the financial sector and the economy more resilient.

MIGA’s support will allow BCP to manage its country exposure, as required under the Peruvian regulatory framework, while demonstrating long-term commitment to an institution of systemic importance to the Bolivian financial sector.

The project is aligned with MIGA’s strategic priorities of supporting South-South investments and investments into countries eligible for assistance from the International Development Association.