|Adoption Date:||19 March 2007|
|Country of Headquarters:||Argentina|
|Region of Headquarters:||Latin America|
|Institutional Reporting Hyperlink:||http://www.galiciasustentable.com/banca/online/sustentable/web/BancoGaliciaSustentable/nuestragestionsustentable/CompromisosInternacionales/|
|Current EPFI Reporting Year/Period:||2017|
|EPFI Reporting in Compliance:||Yes|
Reporting – Banco de Galicia y Buenos Aires S.A. (2017)
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the Equator Principles Association website.
Further information on this EPFI may be obtained through the Institutional Reporting Hyperlink above.
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 CORPORATE LOANS
Total number that reached financial close in the reporting period: 1
|Sector||Category A||Category B||Category C|
|Oil & Gas|
|Region||Category A||Category B||Category C|
|Europe, Middle East & Africa|
|Country Designation||Category A||Category B||Category C|
|Independent Review||Category A||Category B||Category C|
1Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment. For the list of Designated Countries, go to: https://www.equator-principles.com/index.php/ep3/designated-countries
IMPLEMENTATION OF THE EQUATOR PRINCIPLES
Banco Galicia is commited to complying with Equator Principles, as part of it´s environmental policy in credit process.
In case of ” Project Finance ” 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 (dollar). 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 opinon is issued. If deemed appropiate 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 Commitee makes final decision.
Further information is available (in Spanish) at: http://www.galiciasustentable.com/banca/online/sustentable/web/BancoGaliciaSustentable/nuestragestionsustentable/CompromisosInternacionales/