BANCO DE FINANZAS
Status: Approved 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 Finanzas, S.A. ("BDF" or the “Bank”) is a privately owned universal Nicaraguan bank that focuses on the financing of SMEs and residential mortgages in Nicaragua. The Bank is characterised by its highly consolidated business model and good asset quality.
What is our funding objective?
This facility, which has a USD 6mln committed tranche and a USD 4mln uncommitted tranche, is directed to the financing of green projects and Small and Medium Enterprises (“SMEs”).
Why do we fund this investment?
Firstly, this transaction is strongly aligned with climate action, as part of the funds of will be dedicated towards funding green clients of the Bank. Secondly, this transaction is contributing to decent work as part of the funds will be dedicated towards financing SMEs.
What is the Environmental and Social categorization rationale?
The project has been classified as Category B in accordance with FMO’s Sustainability Policy. Project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. As part of the project, BDF will be required to apply the EDFI Exclusion List and Nicaraguan E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 9/29/2014 | USD 10.00 MLN |
| 9/29/2014 | USD 4.50 MLN |
- Region
- Latin America & The Caribbean
- Country
- Nicaragua
- Sector
- Financial Institutions
- Publication date
- 11/2/2021
- Effective date
- 10/31/2022
- Total FMO financing
- USD 6.00 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