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Development Bank, climate finance

leader in Peru
Aug 2014
Ownership Structure
100%
99% 1%
CAF, a regional development
bank established in 1970,
acquired its stake in COFID in
1997
!"#$%&1bn in assets '!"#17&1bn
in loans( as o) *arch $01+&
CAF ratings,
Aa+ - AA. - AA.
FO/AF 0as created in
1999 to oversee the
1eruvian 2overnment3s
corporate activities and
equit4 stakes&
5oard o) directors o) 6
*inisters appoints
management team )or the
1eruvian 2overnment3s
ma7orit4 holdings,
including COFID&
"overeign.o0ned development bank established in 1971 'last 2overnment capital contribution o) !"#+&8%mn in "ep& $01$(
Autonomous board o) directors manages da4.to.da4 operations independentl4 o) the 1eruvian government&
1art o) the /ational Financial "4stem and regulated b4 the "uperintendenc4 o) 5anking, Insurance and 1rivate 1ension
Funds '"5"(&
1
nternational !redit "atings
#ood$%s S&P 'itch
9epublic
o) 1eru
5aa$
'positive(
555:
'stable(
555:
'stable(
COFID
5aa+
'stable(
555:
'stable(
555:
'stable(
Ke$ !orporate (ighlights
Strong support from the Peruvian sovereign, with an independent Board of Directors
Longstanding and success)ul track record o) )inancing social and economic development programs in 1eru&
!omplement to )anks in financing diverse sectors, mainl$ energ$ and infrastructure
;e4 pla4er in )inancing the in)rastructure investment gap in 1eru 0ith a loan port)olio o) !"# 1,6 billion&
Sound risk management policies
"igni)icantl4 stronger /1L and coverage ratios than )inancial s4stem averages&
*+perienced management team
<ecutive o))icers average more than $0 4ears o) banking e<perience
Strong )alance sheet
=igh asset qualit4, 0ith the lo0est /1L ratio in the 1eruvian )inancial s4stem
Solid capitali,ation
Capital adequac4 ratio level o) +6&+>, 0ell above the 1eruvian commercial bank average '1+&7>(&
2
Lines of Business - Overview
'ocused primaril$ on the financing of infrastructure
pro.ects undertaken b4 private or sovereign.o0ned
companies& It includes transportation, energ4 and
sanitation pro7ects and ke4 environmental initiatives&
'unding infrastructure pro.ects through Peruvian or
foreign 's, and also b4 investing directl4 in debt
instruments used to )inance pro7ects&
!O'D*%s credit e+posure is contingent to the pro.ect
)eing financed and onl4 in the event o) de)ault&
nvestment financing
'inances primaril$ the S#* sector, complementing the
private )inancial sector b4 providing medium and long.
term )inancing&
Lending takes place onl$ through Peruvian
ntermediar$ 'inancial nstitutions /'0, including
commercial banks, municipal and rural banks, credit
unions and entities speciali?ing in "* )inancings&
!O'D*%s credit e+posure is to the ', rather than the
ultimate borro0er
'inancial intermediation
1
'inancial ncome )reakdown )$ line of )usiness
Financial
Intermediation,
+%&+>
Investment
Financing,
6@&1>
Other, 0&6>
'inancial ncome2 3S411951 million as of Decem)er 2011
Other includes Interest Earning over available cash
!O'D* and !limate 'inance
4
This enhances us to,
A =elp creating a )avorable
environment )or green
investments&
A 1rovide )inancial instruments
to mobili?e the private
sector, and international
leverage o0n resources&
A *obili?e and structure
investment markets&
A 5e a ke4 international
partner&
A Create public.private links&
A 5e Incubator - aggregator&
Source: IADB
15", 1ublic "ector '*inistries(
FIA, Finance International Agencies
19", 1rivate "ector '"*, big enterprises, banks and micro)inance institutions(
TA, Technical Agencies 'Cooperation Agencies, Technolog4 Institutions(
2CF, 2reen Climate Fund
19O/A2CC, /ational 1rogram )or CC *anagement
/A*As, /ational Appropriate *itigation Actions
Domestic and nternational Articulator
6
1&
A *7*"89
*''!*7!9
A Co.generation
A "CO"
A nerg4 ))icienc4 B
commerce and
industr4
A nerg4 ))icienc4 .
housing
$&
A P"OD3!:O7 A7D
DS:"B3:O7 O'
"*7*;ABL*
*7*"8*S
A =4draulics, 1o0er
1lants and
Transmission
A 2eothermal, Centers
o) 2eneration
A "olar, Treatment
plants, panels and
photovoltaic
A Cind, 2eneration
Centers
A 5iomass, thanol
and 5iodiesel,
Agroindustrial
)acilities
+&
A SO!AL
7'"AS:"3!:3"*
'O" <3AL:9 O'
L'*
A "ustainable 5uilding,
bioclimatic
architecture, 2reen
=ome 'rural(
A "olid Caste
Treatment 1lant
A Cater and Caste
Treatment 1lants
A Interceptors, sumps
and channels
A nvironmental
liabilities
@&
A S3S:A7ABL*
:"A7S'O"#A:O7
P"O!*SS*S A7D
*7="O7#*7:AL
P"*S*"=A:O7
A 5iodiversit4
A 5iogenetic
A Development o)
Forest Industr4 and
derivatives
*legi)le pro.ects within
COFID3s total loan port)olio as o) December $01+ amounted to !"D 1&8@7 billion, o) 0hich +8&+> '!"D 707&@
million( represented the DgreenD programs&
>
3S4 100 million
S?5 or 3S4
@ 26 million
S?5 or 3S4
A It has a technical assistance programs )or !"# % million appro<&
A EICA supports )inancing pro7ects o) rene0able energies, energ4
e))icienc4, ne0 )leets o) F/2 buses and lo0 diesel emission&
A Its main )ocus is "*G EICA is helping greatl4 0ith initiatives to
develop the energ4 e))icienc4 market in 1eru&
A It has a technical assistance program )or 1&% million euros&
A ;)C supports )inancing pro7ects o) rene0able energies and energ4
e))icienc4&
A ;)C is helping COFID b4 providing resources to develop an
nvironmental and "ocial 9isk *anagement "4stem to start in Eune&
A The4 are also giving technical assistance )or designing a promotion
strateg4 o) COFID3s credit )acilities&
Ke$ Strategic Partners
"tart.up processes 0ith
A
8
*S:#ADO D*L !OS:O - B*7*'!O SO!AL D*L
P"O8"A#A BO7*8O!OS
"upuestos,
1rograma de @0 ** euros, o su equivalente a !"# %+&8% **
%0> colocado en prestamos hasta % aHos 'permite una segunda vuelta(
%0> colocado en prestamos hasta 10 aHos
8%> colocado a pro4ectos de 9
1%> colocado a pro4ectos de 'Calderas(
5ene)icio "ocial generado por el uso de 9- Fs Diesel
5ene)icio conImico por di)erencia de tasas de interJs 'tasa de mercado Fs Tasa
del 1rograma(
"upuestos,
1rograma de @0 ** euros, o su equivalente a !"# %+&8% **
%0> colocado en prestamos hasta % aHos 'permite una segunda vuelta(
%0> colocado en prestamos hasta 10 aHos
8%> colocado a pro4ectos de 9
1%> colocado a pro4ectos de 'Calderas(
5ene)icio "ocial generado por el uso de 9- Fs Diesel
5ene)icio conImico por di)erencia de tasas de interJs 'tasa de mercado Fs Tasa
del 1rograma(
9esultados,
Costo "ocial incremental, !"# 6$&$ **
5ene)icio "ocial Incremental, !"# 7$@&0 **
Costo B 5ene)icio "ocial del 1rograma, !"# 661&8 **
9esultados,
Costo "ocial incremental, !"# 6$&$ **
5ene)icio "ocial Incremental, !"# 7$@&0 **
Costo B 5ene)icio "ocial del 1rograma, !"# 661&8 **
*7*"8A *OL!A S5A5 *7*"8A *OL!A S5A5
Funding, !"# $%0 **
COFID3s participation, !"# 9% **
P"OJ*!: '7A7!*
!*7:"AL (D"O*L!:"!A !(A8LLA !*7:"AL (D"O*L!:"!A !(A8LLA
Funding, !"# 100 **
COFID3s participation , !"# 100 **
!*7:"AL (D"O*L!:"!A !*""O D*L B83LA !*7:"AL (D"O*L!:"!A !*""O D*L B83LA
Funding, !"# +0 **, F*O, +0 I/T95A/; **
COFID3s participation , !"# 60**
Funding, !"# 1@8&% **
COFID3s participation , !"# 1$&% **
#APL* *:A7OL !*7:"AL (D"O*L!:"!A #OLLO!O !*7:"AL (D"O*L!:"!A #OLLO!O
Funding, !"# 60 **
COFID3s participation , !"# +0 **
!*7:"AL !!LO !O#B7ADO '7C !*7:"AL !!LO !O#B7ADO '7C
Funding, !"# 9@1 **
COFID3s participation , !"# 100 **
7ew green products for 2014D201A5 :arget2 *nerg$
!oncept Description Main activities
1&
nerg4 *i<
F/2 massi)ication
*ember o) the steering group 0ith T9A/s)er )or the /A*A o) !rban Transport
Carbon print measure o) COFI2A" and F/2 load control s4stem
Fleet renovation in provinces 0ith F/2 buses
F/2 massi)ication in 10 villages in the highlands
$&
nerg4 Access
Access to energ4
in rural areas
1romoting e))icient productive technologies through micro)inance in
provinces
+& 5uildings and
housing
Development o)
K2reen =omeL
'rural(
1ilot o) sustainable houses in rural communit4 0ith *inistr4 o)
=ousing, 2reen =ome
Financial instruments to promote the "ustainable Construction
Code 0ith priorit4 on industries and buildings
@& nerg4
))icienc4
Development o)
"CO"
"ustainable and e))icient universities
Identi)ication o) sectors 0ith ma7or potential )or energetic e))icienc4
"*A9;IA, integrated s4stem )or measuring, controlling and
monitoring energ4 e))icienc4 savings
10
9emarks,
Over 9%,000 vehicle users, most ta<i drivers 0ho did not had access to creditG toda4 thanks to COFI2A" are banked, contributing to their social and
)inancial inclusion and improving their qualit4 o) li)e&
*ore than +8,000 ne0 vehicles have been converted to F/2, and over 1% brands circulate in Lima&
*ore than %00 companies and 7,000 )ormal national sustainable 7obs have been created&
Within 99 months
(March 2014)
US$ 5,109 billion mobilized in the economy
Public Settlors
CONSEJO SUPERIOR
MINEM, MTC & PRODUCE
Private Settlors
PLUSPETROL &
CALIDDA
TRUSTEE
Investment
ar!"are an! So#t"are
$AS STATION
%&' Enter(rises
US) '*%+, MM
CONTRACTORS
& Enter(rises
US) ''+ MM
-OR.SOPS
',/ Enter(rises
US) 0+1' MM
SUPPLIERS
,2 Enter(rises
US) %%' MM
CERTI3IER
4 Entities
US) '/1, MM
3 I1
%% Entities
US) 24%MM
A!visor5
Member6
Committee
USERS
177,584
US$ 2667 MM
Im(lementation an! Mana7ement
Man!ate o# 8N$ Loa! Control
S5stem
!O'8AS
7'O8AS D =78 Load !ontrol S$stem
11
Pro.ect Summar$
9/CAL OF F/2 5!" FLT 9/CAL OF F/2 5!" FLT
COFID participation, !"# @$&7 **
FI/A/CI/2 KL *T9O1OLITA/OL '59T( FI/A/CI/2 KL *T9O1OLITA/OL '59T(
COFID participation, !"# $00 **
1rogram 9esources, !"# 6&0 **
!sed 9esources, !"# $&9 **
@90 5uses in scrap
"C9A1 F!/D FO9 F/2 5!"" "C9A1 F!/D FO9 F/2 5!""
F/2 /C F=ICL" F/2 /C F=ICL"
%.4ear )unding to public transport vehicles,
!"# @+% **
12
!O'D* and 3r)an :ransport 7A#A2 :"A7Sfer
COFID is supporting the 0ork being done b4 2IM.
Trans)er 'http,--000&trans)erpro7ect&org( )or the /A*A
o) "ustainable !rban Transport in Lima&
This /A*A is supported b4 instruments such as
regulation, economic tools, government spending -
investment, communication and in)ormation&
The role o) COFID has been identi)ied as a priorit4 )or
the optimi?ation o) )leets 'buses, ta<is( through the
removal o) high.emission vehicles, introduction o) more
)uel e))icient vehicles 'and si?e(&
This is one o) the mitigation measures identi)ied in the
/A*A scheme, 0here COFID is part o) the steering
committee together 0ith other institutions, like the
*inistr4 o) Transport and the *inistr4 o) nvironment&
Other mitigation measures proposed in the /A*A
0here COFID is also involved through )unding are,
the construction o) *etro Line $ and the introduction o)
59T based transport in Lima&
11
T=A/;" NO! OO