Promerica Financial Corporation
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
Promerica Financial Corporation (PFC) is a regional banking group established in 1991 with subsidiaries in Central America, Panama, the Dominican Republic and Ecuador (namely Banco de la Producción S.A. -Produbanco). PFC is an existing customer of FMO.
What is our funding objective?
FMO supported Promerica's participation in the Sustainability Bootcamp in Guatemala arranging knowledge exchange visits, and offers to cover the cost of air tickets.
Why do we fund this investment?
FMO seeks to support its clients not only through the provision of financing but also by adding value to their businesses by supporting knowledge development and experience exchange. We frequently observe that our clients share common challenges and opportunities despite being located in different countries or serving different markets. In order to help identify and make the most of these synergies FMO supported Promerica with this initiative.
More investments
| Date | Total FMO financing |
|---|---|
| 12/6/2023 | USD 25.00 MLN |
| 3/7/2014 | USD 45.00 MLN |
- Website customer/investment
- http://www.promerica.fi.cr/
- Region
- Latin America & The Caribbean
- Country
- Latin America & The Caribbean
- Sector
- Financial Institutions
- Publication date
- 12/23/2022
- Effective date
- 11/17/2022
- Total FMO financing
- EUR 0.01 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