BANCO BCT 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 BCT is an SME relationship bank in Costa Rica, mainly active in financing trade and agribusiness, with an increasing focus on smaller SMEs. Banco BCT is the leading private bank in agribusiness, characterized by its in-depth customer knowledge, tailor-made products and excellent quality of its loan book.
What is our funding objective?
FMO's financing will be used to fund renewable energy projects and SMEs in Costa Rica. Proparco, the French development bank, is also investing US$10 million in Banco BCT.
Why do we fund this investment?
In Costa Rica, long-term funding is relatively scarce for small to medium sized renewable energy projects and SMEs. In addition, FMO is keen on supporting the agribusiness in Costa Rica through Banco BCT’s expertise. Furthermore, the cooperation with Proparco has made this transaction very efficient for Banco BCT, both in terms of time and financing. FMO will support the bank in the implementation of an environmental and social management system.
More investments
| Date | Total FMO financing |
|---|---|
| 12/30/2021 | EUR 0.01 MLN |
| 11/29/2019 | USD 7.50 MLN |
- Region
- Latin America & The Caribbean
- Country
- Costa Rica
- Sector
- Financial Institutions
- Effective date
- 6/4/2013
- End date
- 11/24/2020
- Total FMO financing
- USD 15.00 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