PROMERICA FINANCIAL CORPORATION
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Promerica Financial Corporation is a regional banking group with subsidiaries in Central America, Panama, the Dominican Republic and Ecuador.
What is our funding objective?
FMO’s funding will mostly be used to strengthen the Tier 1 and Tier 2 capital of PFC’s subsidiaries. The remaining funds will be used by PFC to finance the acquisition of a financial institution in one of the countries where they are active.
Why do we fund this investment?
Promerica Financial Corporation is a long-standing FMO client. Through this transaction FMO contributes to the growth of a locally-owned financial institution, forming part of a locally-owned banking system that positively influences the development of an emerging economy.
More investments
| Date | Total FMO financing |
|---|---|
| 12/6/2023 | USD 25.00 MLN |
| 11/17/2022 | EUR 0.01 MLN |
- Website customer/investment
- http://www.promerica.fi.cr/
- Region
- Latin America & The Caribbean
- Country
- Latin America & The Caribbean
- Sector
- Financial Institutions
- Effective date
- 3/7/2014
- Total FMO financing
- USD 45.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B