BANCO INTERNACIONAL S.A (ECUADOR)
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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 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.
Funding objective
On-lending to women-owned small medium enterprises in Ecuador
Why we fund this project
This project is highly aligned with FMO’s strategy to Gender Equality
Environmental and social rationale
E&S Category B
More investments
| Date | Total FMO financing |
|---|---|
| 7/31/2020 | USD 20.00 MLN |
| 11/27/2018 | USD 20.00 MLN |
| 5/18/2016 | USD 20.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Ecuador
- Sector
- Financial Institutions
- Signing date
- 6/21/2017
- Total FMO financing
- USD 30.00 MLN
- Fund
- FMO
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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