IDB Invest and Banco de Bogotá Announce $70 Million Financing to Support Businesses in Colombia

BOGOTÁ - IDB Invest provided up to $70 million in financing to Banco de Bogotá S.A. to expand access to credit for micro, small, and medium-sized enterprises (MSMEs) in Colombia.

The financing will help expand access to credit for businesses seeking to grow, modernize their operations, strengthen productivity, or develop new projects that enhance their competitiveness.

The transaction combines IDB Invest's own resources with mobilized financing to increase the scale of available funding and channel additional investment toward private sector growth in Colombia. The financing includes an initial committed tranche of up to $50 million and an uncommitted tranche of up to $20 million. In addition, approximately $80 million is expected to be mobilized from other investors.

Beyond expanding access to credit, the transaction includes a technical assistance component through which IDB Invest will support Banco de Bogotá in developing an ecosystem credit program in the Colombian Amazon. The initiative will seek to identify opportunities to generate positive impacts for communities and territories through financial instruments associated with ecosystem conservation and protection.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.

About Banco de Bogotá

With more than 155 years of history, Banco de Bogotá is Colombia's longest-standing financial institution and a leader in the country's economic and social transformation, connecting regions, businesses, and people through reliable, inclusive, and sustainable financial and non-financial solutions. The bank is part of Grupo Aval and has a presence across 93% of the country and in more than 1,000 municipalities, serving 4.3 million customers and more than 69,000 corporate clients. For more information, visit Banco de Bogotá's website.