Project detail - BANCO INTERNACIONAL S.A.

BANCO INTERNACIONAL S.A.

Status: Completed investment
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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 Internacional is part of Grupo Fierro, a Spanish-owned conglomerate comprising among others of Banbif in Peru, a former client of FMO. 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 a leader in international trade finance. Banco Internacional is a top performer of the Ecuadorian banking system in terms of portfolio quality, efficiency and growth.

What is our funding objective?

FMO will fund USD 20 mln of a USD 50 mln arranged facility. The funds will be partly used for on-lending to women-owned small and medium-sized enterprises in Ecuador and for on-lending to other small and medium-sized enterprises in Ecuador.

Why do we fund this investment?

FMO financing will be directed to Women SME’s and SME clients which helps develop the Ecuadorian economy and supports (formal) job creation.

What is the Environmental and Social categorization rationale?

FI E&S Category B. Banco Internacional is compliant with IFC’s exclusion list and has an Environmental and Action Plan in place.

More investments

Date Total FMO financing
6/7/2023 USD 20.80 MLN
7/31/2020 USD 20.00 MLN
10/20/2022 USD 30.00 MLN
3/23/2021 USD 20.00 MLN
Website customer/investment
https://www.bancointernacional.com.ec/
Region
Latin America & The Caribbean
Country
Ecuador
Sector
Financial Institutions
Publication date
9/25/2018
Effective date
11/27/2018
End date
10/24/2024
Total FMO financing
USD 20.00 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)
A