Project detail - BANCO INTERNACIONAL S.A (ECUADOR)

BANCO INTERNACIONAL S.A (ECUADOR)

Back to map

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
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