BANCO DE LA PRODUCCION S.A.
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
Banpro is one of the three large banks in Nicaragua, and has been an FMO client since 2006. Banpro is 62 percent owned by Promerica Financial Corporation (PFC). It is a universal bank and has the largest market share in agricultural loans.
What is our funding objective?
Banpro and FMO see opportunities for green lending in Nicaragua. The objective of this project is to strengthen the bank's ability to serve its clients and to stimulate green development. The core areas for strengthening are capacity to assess and understand the technical requirements of green lending; the ability to offer energy efficiency and renewable energy assessments in client companies; improving business development, identification of demand for clean tech/solar, and improved management of partnerships; extending the list of green credit line eligible machinery by researching agricultural vehicles.
Why do we fund this investment?
The project is aligned with FMO’s strategy to finance projects that have a positive environmental impact.
More investments
| Date | Total FMO financing |
|---|---|
| 11/21/2022 | USD 20.00 MLN |
| 1/26/2018 | USD 15.00 MLN |
| 4/23/2024 | USD 15.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Financial Institutions
- Effective date
- 1/7/2016
- End date
- 12/2/2020
- Total FMO financing
- EUR 0.13 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