BANCO SUPERVIELLE S.A.
Status: Completed 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
Banco Supervielle S.A. is a medium-sized Argentinian bank with total assets of approx. USD 3.7 bln, (market share 2.6%, private bank #9). The bank is part of Grupo Supervielle (“the Group”), a diversified financial holding with nation-wide presence in universal banking, consumer lending, wealth management and insurance.
What is our funding objective?
Through the proposed financing, Supervielle will be able to provide longer tenor financing to SME clients, which support (formal) job creation and help develop the Argentine economy.
Why do we fund this investment?
Aligned with our aim to contribute to local prosperity, FMO’s loan will be used for on-lending to SMEs, a segment that extensively lacks financing for working capital and investments. Supervielle has a strong presence in the SME segment and stands out for its customized value proposition and leadership position across various sub-segments that are important for the Argentine economy.
What is the Environmental and Social categorization rationale?
Based on the bank's portfolio composition, the project has been categorised as Category B in accordance with FMO’s Sustainability Policy. Banco Supervielle has an existing ESMS. Compliance with local regulation and with IFC PS framework for IFC PS triggered transactions will be required.
- Region
- Latin America & The Caribbean
- Country
- Argentina
- Sector
- Financial Institutions
- Publication date
- 10/17/2018
- Effective date
- 8/20/2019
- End date
- 6/20/2022
- Total FMO financing
- USD 40.00 MLN
- Funding
- FMO NV
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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