BANCO ALIADO S.A.
Status: Completed 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
Banco Aliado is a Panamanian financial institution, owned by Grupo Aliado, S.A., with a focus on the corporate banking segment, in particular international trade finance (including the export of agricultural products). It also offers leasing, factoring, insurance and consumer finance products. The bank’s total assets amount to USD 1.7 billion (December, 2012).
What is our funding objective?
The USD 30 million facility was provided together with DEG in order to support Aliado’s local small and medium enterprise (SME) lending efforts (currently 40% of the portfolio). The loan also contributes to the general growth of a mid-size local player competing with large international institutions. In addition, the financing provides diversification of the client’s funding base, by offering a longer tenor (5 years) than was previously available to Aliado.
Why do we fund this investment?
By participating in this financing FMO creates better access to funding for SMEs, which represent an important part of the Panamanian economy. In addition, the facility contributes to the optimization of the client’s balance sheet by providing longer term funding.
- Website customer/investment
- http://www.bancoaliado.com
- Region
- Latin America & The Caribbean
- Country
- Panama
- Sector
- Financial Institutions
- Effective date
- 12/23/2013
- End date
- 3/29/2019
- Total FMO financing
- USD 11.50 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