BANCO INTERNACIONAL S.A (ECUADOR)
Status: Approved 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 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 |
- Region
- Latin America & The Caribbean
- Country
- Ecuador
- Sector
- Financial Institutions
- Publication date
- 9/25/2018
- Effective date
- 11/27/2018
- 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) - B