Banco de Galicia y Buenos Aires S.A. (2021)

Adoption Date: 19 Mar 2007
Region of Headquarters: Latin America
Current EPFI Reporting Year/Period: 2021
Institutional Reporting: Link to Report

 

Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.

Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.

Project Finance Advisory Services

Total number mandated in the reporting period: 0

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 0

Project-related Refinance & Project-related Acquisition For Project Finance

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 0

Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Implementation of the Equator Principles

Banco Galicia is committed to complying with Equator Principles, as part of it´s environmental policy in credit process. In case of ” Project Finance ” the Equator Principles apply as provided therein. For “Project related corporate loans” the Principles are a framework for analysis and management of environmental risk in all long-term credit operations, as long as the amount requested is equal to or more than u$s 20.000.000 (dollars). In these cases an assessment of the environmental and social risks of the project and the customer is required to evaluate their commitment, ability, behavior and record in relation to these issues. In cases classified as Equator Principles, the analyst must define the final categorization of the project according to the level of risk (A, B or C), then the environmental opinion is issued. If deemed appropriate or relevant for Equator Principles a monitoring plan will be implemented. For this cases analized monitoring evaluations will be conducted at least annually. Also environmental covenants are included in loan agreement.

All mentioned is applicable to new customers as well as new credit operations from existing customers.

Different areas at the Bank are involved in the process. Commercial staff are in contact with the client, gathering all relevant information and documents; Credits Area performs both credit and environmental risk analysis of operation; Credit Committee makes final decision.