Banco de Antigua, S.A.
Status: Proposed 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
We welcome feedback on this proposed investment opportunity for FMO. The ending of the proposed investment phase is indicated on the right side of this page. 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 prospective customer?
Banco de Antigua is a bank in Guatemala offering microentrepreneurial and consumer loans. As of FY2023, the bank has USD 239 million in total assets and a loan portfolio of USD 162 million.
What is our funding objective?
FMO is providing a USD 15mln (local currency equivalent) loan, consisting of a USD 8mln committed and a USD 7mln uncomitted tranche. The funds will be on-lent to microentrepreneurs in rural areas in Guatemala.
Why do we want to fund this investment?
Providing financing to microentrepreneurs in rural areas of Guatemala contributes to FMO and MASSIF’s focus of improving Rural Livelihoods, thereby classifying for a 100% Reducing Inequalities label.
What is the Environmental and Social categorization rationale?
The project has been categorised as E&S Category C, in accordance with FMO’s Sustainability Policy. The project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. The bank applies the EDFI Exclusion List and follows Guatemalan E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 9/20/2022 | USD 7.00 MLN |
- Website customer/investment
- https://www.bantigua.com.gt/
- Region
- Latin America & The Caribbean
- Country
- Guatemala
- Sector
- Financial Institutions
- Publication date
- 7/19/2024
- Deadline for feedback
- 8/18/2024
- Total FMO financing
- USD 8.00 MLN
- Funding
- MASSIF
-
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) - C