Status: Approved investment
Back to map

Why disclosure?

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

In case of questions

In case of questions, please contact us at


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

Banco de la Produccion S.A. - Produbanco (Produbanco) is a universal bank in Ecuador, owned by the Promerica Financial Corporation, a long standing client of FMO. Produbanco is the third largest bank in Ecuador with Total Assets amounting to USD 4.8 billion per Dec 2018.

What is our funding objective?

FMO will provide a USD 15mln senior loan to Produbanco as part of a USD 32mln syndicated facility. The syndicated facility will be dedicated towards (i) green financing (USD 27mln) and (ii) the financing of women owned enterprises (USD 5mln).

Why do we fund this investment?

Firstly, this transaction is strongly aligned with SDG 13 Climate Action as part of the funds of will be dedicated towards funding green clients of Produbanco. Since FMO provided a first green loan to Produbanco in 2016, the bank has been building a large green loan portfolio. Secondly, this transaction is contributing to SDG 5 Gender Equality, SDG 8 Decent Work and SDG 10 Reduced Inequalities as part of the funds and capacity development will be dedicated towards financing women owned SMEs. Thirdly, FMO will be highly additional by injecting liquidity to a dollarized economy (unable to increase money supply) with limited access to international funding.

What is the Environmental and Social categorization rationale?

Produbanco is an FI B client. One of Produbanco's main strategic pillars is its' commitment to sustainability and Corporate Social Responsibility. As a result, the bank is committed to continue growing the green line credit portfolio and developing the E&S risk capacity.

More investments

Date Total FMO financing
12/7/2023 USD 14.00 MLN
12/1/2021 USD 38.00 MLN
12/1/2021 USD 10.00 MLN
2/24/2022 EUR 0.02 MLN
10/13/2021 EUR 0.04 MLN
1/11/2024 USD 15.00 MLN
1/11/2024 USD 15.00 MLN
10/21/2022 USD 10.00 MLN
10/22/2021 USD 15.00 MLN
10/14/2023 USD 15.00 MLN
Latin America & The Caribbean
Financial Institutions
Publication date
Effective 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)