BANCO INTERNACIONAL S.A (ECUADOR)
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 Internacional is part of Grupo Fierro, a spanish-owned conglomerate comprising among others our existing client Banbif in Peru. Banco Internacional was established in 1973 and was the first Ecuadorian bank to join the SWIFT network in 1981. Banco Internacional is recognized as a safe solid bank focused on corporates and leader in international trade finance. In the challenging current economic environment, Banco Internacional remains a top performer of the Ecuadorian banking system in terms of portfolio quality, efficiency and growth.
What is our funding objective?
On-lending to women-owned small medium enterprises in Ecuador
Why do we fund this investment?
This project is highly aligned with FMO’s strategy to Gender Equality
What is the Environmental and Social categorization rationale?
E&S Category B
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| 6/7/2023 | USD 20.80 MLN |
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| 3/23/2021 | USD 20.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Ecuador
- Sector
- Financial Institutions
- Effective date
- 6/21/2017
- End date
- 10/20/2022
- Total FMO financing
- USD 30.00 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