Banco de Inversión y Comercio Exterior (BICE)
Last updated on 14 Nov 2024
Key facts
Argentinian development bank and export credit agency offering medium and long-term financing.
PUBLIC
1991
Credit rating (sovereign) (S&P)
CCC-
CCC-
Foreign currency
Local currency
Authorizations (export finance) and country trade data
2022 top export sectors
Vegetable
35%
Food Products
18%
Animal
8%
Fuels
8%
Chemicals
5%
2021 export destinations
Products
- Direct loans of up to USD 10 million
- Loans are made in USD
- Repayment tenor of up to 1 year
- Coverage:
- 80% of the amount of the outstanding commercial risk
- 90% of the amount of the outstanding political risk
- Direct loans of up to 100% of incoterms value
- Loans are made in any currency traded in Argentina
- Amounts financed:
- Industrial equipment, agricultural exports, other capital goods, and services: Between USD 200,000 and USD 6 million
- Industrial plants and lump sum turnkey projects: Between USD 200,000 and USD 10 million
- Repayment tenor of between 1 and 10 years
- Interest rates equal to 6-month LIBOR plus a risk margin
- Direct loans to buyers of agricultural equipment
- Facilities of up to 4 years and USD 20 million for Argentinian companies leasing agricultural equipment made in Argentina
- Factoring services to SMEs, and a variety of trust services
- Renewable energy project financing
- Investment financing programs
- Working capital financing
- Direct loans for SMEs and special programs for SMEs led by women
- Renewable energy investment projecs
- Regional development initiatives
News
- 2023: In 1H2023, BICE disbursed ARS 50 billion in total, an increase of over 40% in comparison with 2022