BANCO BCT 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
Banco BCT, S.A. is operating as an universal commercial bank in Costa Rica with a principal focus on the SME and corporate markets, particularly in the property, services, manufacturing and agroindustry sectors. While BCT maintains strong competitive advantages based on its long-standing relationships with its SME and corporate clients, attention needs to be paid to diversifying growth strategies in order to remain resilient and profitable in downturns.
What is our funding objective?
To support Banco BCT with co-funding the services of external consultants to raise awareness within BCT on the key elements of green finance in order to better develop and understand the key E&S risks and capitalize on the abundant opportunities for Green projects in Costa Rica.
Why do we fund this investment?
To support Banco BCT in upgrading the Bank’s E&S risk assessments particularly in high-risk sectors, to support the development of a Green strategy and allow the bank to differentiate itself and brand themselves as a market leader in the space and train its staff in these areas.
More investments
| Date | Total FMO financing |
|---|---|
| 11/29/2019 | USD 7.50 MLN |
| 11/24/2020 | USD 15.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Costa Rica
- Sector
- Financial Institutions
- Effective date
- 12/19/2019
- End date
- 12/30/2021
- Total FMO financing
- EUR 0.01 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