BANCO DE LA PRODUCCION S.A. PRODUBA
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 de la Producción S.A. (Produbanco) is a universal bank in Ecuador, owned by the Promerica Financial Corporation, a long-standing client of FMO. Produbanco is the third largest bank in Ecuador with Total Assets amounting over USD 5 billion.
What is our funding objective?
To contribute to Produbanco’s Capacity Development (CD) project for serving women-owned businesses in Ecuador.
Why do we fund this investment?
Produbanco would like to engage the advisory services of a local consultant to support it in its gender finance approach and build its capacity for better serving the women’s market to be co-funded by FMO’s Capacity Development Program.
More investments
- Region
- Latin America & The Caribbean
- Country
- Ecuador
- Sector
- Financial Institutions
- Effective date
- 5/25/2021
- End date
- 2/24/2022
- Total FMO financing
- EUR 0.02 MLN
- Funding
- ForeignAffairs - CD
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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