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Chile's Banco Consorcio gets $105.5M syndicated loan through IFC

Chile's Banco Consorcio said it received a three-year syndicated loan worth $105.5 million from United Kingdom's Standard Chartered and HSBC, Spain's Bankinter SA and CaixaBank, the United States' BAC Florida, Germany's AKA Bank, and the State Bank of India.

The loan was made through World Bank investment arm International Finance Corp., or IFC. The bank said it will use the funds to finance the growth of its commercial debt placements and diversify its funding, according to a March 16 regulatory filing.