BANCO INTERNACIONAL S.A (ECUADOR)
Who is our client
Banco Internacional is part of Grupo Fierro, a spanish-owned conglomerate comprising among others our existing client Banbif in Peru. Banco Internacional was established in 1973 and currently has total assets of USD 2.6 billion and a loan portfolio of USD 1.6 billion, ranking 5th in the Ecuadorian banking system with a market share of 9 percent as of January 2016. Banco Internacional was the first Ecuadorian bank to join the SWIFT network in 1981. Banco Internacional is recognized as a safe solid bank focused on corporates and leader in international trade finance. In the challenging current economic environment, Banco Internacional remains a top performer of the Ecuadorian banking system in terms of portfolio quality, efficiency and growth.
FMO invests in the B-tranche of a syndicated transaction of USD 48 million. IFC is in the lead and FMO participates with USD 20 million. Other commercial parties participate with the remaining USD 8 million.
Why we fund this project
In an environment of economic deceleration with limited liquidity, FMO will support the Ecuadorian private sector providing countercyclical liquidity through Banco Internacional.
|Date||Total FMO financing|
|7/31/2020||USD 20.00 MLN|
|11/27/2018||USD 20.00 MLN|
|6/21/2017||USD 30.00 MLN|
- Latin America & The Caribbean
- Financial Institutions
- Signing date
- Total FMO financing
- USD 20.00 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)