IFC Invests $45 Million In Banco Del Bajío

The International Finance Corporation (IFC), the private-sector arm of the World Bank, is to invest $45 million into Mexican Banco del Bajío, representing around 10% of the capital of the bank. The capital injection is aimed at strengthening and broadening the bank’s loan activities. Banco del Bajío, which is headquartered in Leon, in the state of Guanajuato, is a regional bank with significant presence in the northern, western and central regions of Mexico. The Bank is the eighth largest bank in Mexico in terms of assets and focuses on three principal business lines: SMEs, agribusiness, and commercial banking.