BANCO FINANCIERA COMERCIAL
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 Financiera Comercial Hondureña S.A.(Ficohsa, client ID:C00015418) is the largest bank in Honduras with total assets of US$ 2.9bn. Ficohsa is a universal bank servicing corporate, SME and retail segments. The institution is very active in the financing of (renewable) energy projects in the country and the region. Ficohsa is part of Grupo Financiero Ficohsa, S.A, which also has banking operations in Panama, Guatemala and Nicaragua.
What is our funding objective?
While Ficohsa is one of the most advanced FIs in Honduras in terms of E&S policy, procedures and commitment, this project will give them the opportunity to better understand IFC performance standards.
Why do we fund this investment?
FMO and Ficohsa have been longstanding partners. With FMO’s earlier CD contribution Ficohsa was able to build, implement and improve their ESMS, their E&S team and create overall awareness and commitment of E&S importance across various levels within the organization. This project will help training Ficohsa’s E&S staff.
More investments
| Date | Total FMO financing |
|---|---|
| 8/18/2022 | USD 30.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Honduras
- Sector
- Financial Institutions
- Effective date
- 11/8/2017
- End date
- 7/12/2018
- Total FMO financing
- EUR 0.01 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) - A