Project detail - BANCO DE LA PRODUCCION S.A. PRODUBA

BANCO DE LA PRODUCCION S.A. PRODUBA

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 disclosure@fmo.nl

Disclaimer

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 Producción S.A. (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 over USD 5 billion.

What is our funding objective?

To contribute to Produbanco’s Capacity Development (CD) project for serving women-owned businesses in Ecuador.

Why do we fund this investment?

Produbanco would like to engage the advisory services of a local consultant to support it in its gender finance approach and build its capacity for better serving the women’s market to be co-funded by FMO’s Capacity Development Program.

More investments

Date Total FMO financing
12/1/2021 USD 38.00 MLN
12/1/2021 USD 10.00 MLN
11/7/2019 USD 15.00 MLN
8/29/2018 EUR 0.04 MLN
12/13/2017 USD 15.00 MLN
12/13/2017 USD 15.00 MLN
8/23/2016 USD 10.00 MLN
7/14/2016 USD 15.00 MLN
Region
Latin America & The Caribbean
Country
Ecuador
Sector
Financial Institutions
Effective date
5/25/2021
Total FMO financing
EUR 0.02 MLN
Funding
ForeignAffairs - CD
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