BANCO CMF S.A.
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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 CMF (“CMF”) is a medium sized bank providing financing and a wide range of banking services to SMEs and small corporates in Argentina. Founded in 1978 as a financial company, CMF operates as a bank since 1996 and currently has total assets of USD 450 million and serves more than 500 SME clients.
What is our funding objective?
FMO's funding is to be used by Banco CMF to continue providing loans to SMEs, growing its portfolio of loans for working capital and capital investments.
Why do we fund this investment?
Given its focus on long term relationships and providing high quality service to its clients, CMF is an attractive partner for FMO to contribute to the development of SMEs in the country. By increasing its SME portfolio and providing longer tenor loans, our partnership with CMF contributes to our strategy of supporting economic growth and job creation in Argentina.
What is the Environmental and Social categorization rationale?
Banco CMF is considered E&S category C. The bank has a diversified portfolio, with consumer loans and loans to companies in medium and low environmental & social risk sectors of the economy, the most relevant being manufacturing, financial, commerce and construction.
- Region
- Latin America & The Caribbean
- Country
- Argentina
- Sector
- Financial Institutions
- Publication date
- 8/27/2018
- Effective date
- 2/27/2019
- End date
- 5/2/2022
- Total FMO financing
- USD 15.00 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) - C