Banco Improsa 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 Improsa represents the 7th largest private bank in the country, reporting total assets of USD 593mln as of December 2024. The mid-sized bank primarily serves the small and medium sized enterprise (SME) segment in the service, commerce, and constructions sectors. It is part of Grupo Financiero Improsa, a financial group with 8 subsidiaries, carrying out trust- and real estate facility management activities.
What is our funding objective?
The facility concerns a USD 45mln senior unsecured loan, split into a USD 30mln committed and a USD 15mln uncommitted tranche. The funds will be used by Banco Improsa to finance women-owned or women-led SMEs (60%) and general SMEs (40%). Thereby, FMO strengthens the growth of the bank's general SME and women-led SME portfolio.
Why do we want to fund this investment?
SMEs play a vital role in driving economic growth in Costa Rica as they provide jobs and contribute significantly to the country’s GDP. By directing the funds of the transaction to the general SME segment and women-owned/women-led SMEs, FMO will contribute to local employment and gender inclusion.
What is the Environmental and Social categorization rationale?
The project has been categorized as E&S Category B in accordance with FMO’s Policy. The Bank has a well-functioning environmental and social management system in place which is aligned with national regulation and the IFC Performance Standards.
More investments
| Date | Total FMO financing |
|---|---|
| 1/16/2025 | USD 20.00 MLN |
| 5/29/2019 | EUR 0.04 MLN |
| 10/8/2024 | USD 20.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Costa Rica
- Sector
- Financial Institutions
- Publication date
- 4/14/2025
- Deadline for feedback
- 5/14/2025
- Total FMO financing
- USD 30.00 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