BANCO DE AMERICA CENTRAL HONDURAS
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
BAC is the largest financial group in Central America (TA USD 17bln, S&P BBB) and part of Colombia’s largest financial group Grupo Aval (TA USD 80bln, Fitch BBB). BAC is the only group covering all countries in Central America, which is a strategic advantage and together with its regional banking platform a unique selling point for regional clients.
What is our funding objective?
The transaction will support the much needed private sector development (small and medium enterprises) with long term USD funding, which is scarce in LMIC’s Honduras, El Salvador and Nicaragua.
Why do we fund this investment?
Although BAC is a universal bank focusing on both retail and commercial clients, BAC has a specialized unit focusing on small and medium commercial clients and has developed innovative products to increase access to finance for these clients (amongst others with support from FMO's capacity development program).
- Region
- Latin America & The Caribbean
- Country
- Honduras
- Sector
- Financial Institutions
- Effective date
- 4/10/2015
- End date
- 7/29/2019
- Total FMO financing
- USD 6.80 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