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Telefónica Movistar received a new sustainable loan from Scotiabank | Finance | Economy

A Telefónica Movistar they accepted a new loan linked to the performance of sustainability indicators. The loan amount is $ 24.5 million and will have a term of three years.

The entity that granted the loan was Scotiabank Colpatria, which had already “structured a sustainable financing for the telecommunications company”, already accumulating two of the same style.

(See: Credits in Colombia: who are the most receiving them).

This second sustainable loan consolidates the bank in its strategy of being a relational entity with a growing deployment of sustainable financing in the countries of the Pacific Alliance.”Said Gustavo Ale, Vice President of Wholesale Banking at Scotiabank Colpatria.

The interest rate on the loan is related to the performance of ESG indicators, since it has environmental components (energy efficiency) and social (training), which will be verified periodically.

(See: Financial monitoring committee says portfolio grows and recovers).

Achieving this sustainable credit materializes the intention to move towards a low-carbon economy and the fulfillment of other key objectives to improve people’s living conditions”, Commented Fabián Hernández, CEO of Telefónica Movistar Colombia.

Likewise, Movistar announced that has adapted its Experience Centers in the cities of Armenia, Manizales, Palmira, Popayán and Valledupar so that they are accessible to People with disabilities.

(See: BBVA launches a sustainable loan for agriculture).

BRIEFCASE

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