Banco de Galicia y Buenos Aires S.A. (2023)
| Signing Date | 19 Mar 2007 |
| Region of Headquarters: | Latin America |
| Current EPFI Reporting Year/Period: | 2023 |
| 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
Total number that reached Financial Close in the reporting period: 0
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
Total number that reached Financial Close in the reporting period: 0
Implementation of the Equator Principles
Galicia Bank is committed to complying with Equator Principles as part of it´s environmental policy in the credit process. In Project Finance and Project Finance Advisory Services the Equator Principles apply where total project capital costs are US$10 million or more, and in Project related corporate loans, where the amount requested is equal to or more than u$s 50 million.
An assessment of the environmental and social risks of the project and the client is required to evaluate their commitment, ability, behavior and record in relation to these issues. In projects where Equator Principles apply, the environmental officer must define the final categorization of the project according to the level of risk (A, B or C). For projects with category A and if considered, category B, Galicia Bank requires and independent review carried out by an independent consultant. If deemed appropriate or relevant a monitoring plan will be implemented and environmental covenants will be included in the loan agreement.
Different areas at the Bank are involved in the process. Commercial officers are in direct contact with the client gathering all relevant information and documents; Risk officers perform both credit risk and environmental risk analysis of operation; and the operation is presented at the Boards of Directors’ Committee where the final decision is taken.