BANCO BCT S.A.
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
Banco BCT S.A. (BCT) is a regulated universal bank in Costa Rica. BCT focusses on the small and medium enterprises (SME) and corporate segments, principally active in the property, services, manufacturing and agroindustry sectors.
What is our funding objective?
FMO’s loan of USD 15mln will be dedicated to financing SMEs and green projects, thereby contributing to decent work and economic growth activities (SDG 8) and supporting climate action (SDG 13).
Why do we fund this investment?
BCT plays an important role in providing access to finance to SMEs, a critical segment in supporting job creation. Furthermore, FMO brings additionality by providing scarce medium-term financing and supporting the growth of BCT’s green portfolio through a potential capacity development project.
What is the Environmental and Social categorization rationale?
BCT is categorized as B given the nature of the portfolio (short term corporate banking, mortgages and consumer finance). However the bank does have some transactions classified as IFC PS TT, totaling on an yearly basis around 6 transactions/year.
More investments
| Date | Total FMO financing |
|---|---|
| 12/30/2021 | EUR 0.01 MLN |
| 11/24/2020 | USD 15.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Costa Rica
- Sector
- Financial Institutions
- Publication date
- 8/26/2019
- Effective date
- 11/29/2019
- Total FMO financing
- USD 7.50 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