Status: Completed investment
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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

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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

With total assets of USD 3.1 billion (Dec 2012), Banco BHD is the second largest privately owned financial institution in the Dominican Republic. The bank has a market participation of 13% (based on TA, Dec 2012), a network of 90 branches and 2,800 employees. BHD is a subsidiary with 98% ownership by Centro Financiero BHD, which in turn is owned by local Grupo BHD (51%), Banco Sabadell of Spain (20%), Popular Inc of Puerto Rico (20%) and IFC (9%). Two-thirds of the corporate loan portfolio of BHD is made up of small and medium enterprises (SMEs).

What is our funding objective?

FMO is funding Banco BHD with a 5-year USD 10 million senior loan and an 8-year USD 15 million subordinated loan. The USD 10 mln senior loan will be used by BHD to provide financing to SMEs. The USD 15 mln subordinated loan will be used by BHD to strengthen its capital base.

Why do we fund this investment?

FMO’s long-term funding will enable BHD to grow and expand its services to a relatively underserved SME market in the Dominican Republic, thereby providing access to financing that will ultimately go towards stimulating economic growth.

More investments

Date Total FMO financing
6/1/2021 USD 10.00 MLN
Latin America & The Caribbean
Dominican Republic
Financial Institutions
Effective date
End date
Total FMO financing
USD 15.00 MLN
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)