ASOCIACION DE BANCOS DEL ECUADOR (ASOBANCA)
Status: Approved 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
Our customer is ASOBANCA (Ecuador’s Banks’ Association), which is a non-profit entity, established on March 30, 1965, with the mission of representing the legitimate interests of the private banks of Ecuador and promoting an ideal environment for their development. Likewise, the institution aims to organize and represent all entities of the private financial sector and promote, through a constructive dialogue, a favourable economic environment for their development and for the development of Ecuador.
What is our funding objective?
With this funding, FMO will continue supporting the Ecuador Sustainable Banking Initiative, which started in 2020 sponsored by IDBInvest, Ecobusiness Fund, FMO and Ecuador’s Banking Association (ASOBANCA).
Why do we fund this investment?
FMO is increasingly supporting the role of banking associations in serving as change agents within the financial sector to introduce environmental and social management concepts, leadership opportunities and knowledge. Banking associations serve a key function through their work with members banks to improve the understanding of environmental and social risks/opportunities at a country level, agree to common standards for managing these risks, provide tools and methods that allow banks to better manage these risks, and to be better prepared for accessing new financial opportunities.
- Website customer/investment
- https://asobanca.org.ec/
- Region
- Latin America & The Caribbean
- Country
- Ecuador
- Sector
- Financial Institutions
- Publication date
- 7/5/2023
- Effective date
- 6/19/2023
- Total FMO financing
- EUR 0.11 MLN
- Funding
- FMO NV