Media contacts
For questions about financing or funding possibilities, business offerings and acquisition, please use the contact form.
The number below is for media inquiries only.
Monica Beek
Media Spokesperson
T: +31 70 314 9130
M.Beek@fmo.nl
FMO has arranged an $ 80 Million financing to Banco Supervielle, a universal bank in Argentina with a strong presence in the SME segment. The senior unsecured loan will enable Banco Supervielle to continue supporting SMEs by providing long-term financing in these times of distress for the Argentinian economy.
One of FMO’s roles, as a development bank, is to support clients through adverse economic conditions. The closing of this SME Loan Facility is making a difference at a time when commercial investors are shying away from Argentina and market confidence is reaching a new low. Banco Supervielle serves more than 4,800 SME clients active in the sectors of agriculture, export value chain, manufacturing, construction and services.
For this syndicated deal, FMO granted a €40 million loan and catalyzed funds from Proparco, the private sector financing arm of France’s Agence Française de Développement (AFD) group which contributed with a similar amount to the project.
“We appreciate FMO and Proparco’s trust and growing support to Banco Supervielle. This transaction gained more meaning in the current context and will help us add value through long-term financing for our SME clients, mainly exporting SMEs from regional economies.” – Milton Migotti, Head of International Business and Financial Institutions at Banco Supervielle.
Banco Supervielle is the 9th biggest private bank in Argentina with total assets of USD 3.6 bln. Founded in 1887, the bank is part of Grupo Supervielle, a diversified financial holding with nation-wide presence in universal banking, consumer lending, wealth management and insurance.