Bogotá, July 3, 2025 – The International Finance Corporation (IFC), a member of the World Bank Group, announced an investment of up to US$75 million in Banco Finandina S.A. through a sustainability-linked loan (SLL).
The operation aims to expand access to financing for hybrid and electric vehicles, as well as for micro, small, and medium-sized enterprises (MSMEs), with a special focus on women-led businesses.
According to Banco Finandina’s General Manager, Orlando Forero Gómez, “These resources are a vote of confidence from institutions that believe in the Bank’s successful and consistent sustainability strategy, supporting projects that allow us to contribute to the country’s development.”
“This investment represents a decisive step toward a greener and more inclusive Colombia. By supporting Finandina, we are not only promoting sustainable mobility, but also expanding economic opportunities for women entrepreneurs and small businesses that drive local development,” said Elizabeth Ann Marcano, IFC’s Regional Director for Latin America and the Caribbean.
The project aligns with the World Bank Group’s Country Partnership Framework for Colombia (FY2024–2027), as well as with the Group’s Climate Action Plan 2021–2025 and Gender Strategy 2024–2030. It will also contribute to the goals of the Paris Agreement by promoting climate finance and reducing greenhouse gas emissions.
About Banco Finandina
Banco Finandina, with more than 40 years of experience in the Colombian market, is the third-largest player in the country’s auto financing sector. Banco Finandina is a Colombian financial institution specializing in vehicle financing and inclusive lending, with a growing focus on sustainability and digital innovation. Banco Finandina offers financial solutions through digital platforms. Its focus is on empowering people through technology, with more than 130 features available on both its mobile app and digital banking platform.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
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