BANCO PROMERICA DE COSTA RICA S.A.
Who is our client
Banco Promerica de Costa Rica S.A. (Promerica CR) is a privately owned universal bank in Costa Rica. Promerica CR is part of the Promerica Group, one of the largest financial groups in Central America and a strategic partner to FMO.
The USD 25 million senior term facility consists of a SME tranche (USD 20 million) and a Green tranche (USD 5 million). The SME tranche will be used to support Promerica CR to grow its SME portfolio, while the Green tranche will be on-lend to green projects in line with FMO’s green lending criteria, aimed at renewable energy and energy efficiency.
Why we fund this project
Providing financing to small and medium enterprises and green projects in Costa Rica will contribute to FMO’s strategic goal to create jobs and reduce GHG emissions.
|Date||Total FMO financing|
|11/28/2016||USD 5.00 MLN|
- Latin America & The Caribbean
- Costa Rica
- Financial Institutions
- Signing 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)