BANCO DE ANTIGUA, S.A.
Status: Approved investmentWhy disclosure?
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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 Antigua is a bank in Guatemala. As of YE2021, the bank has USD 195 million in total assets and a loan portfolio of USD 122 million.
What is our funding objective?
The funds will be used to lend to microentrepreneurs and SMEs in rural areas in Guatemala.
Why do we fund this investment?
Providing financing to microentrepreneurs and SMEs in rural areas of Guatemala contributes to FMO and MASSIF’s focus of improving Rural Livelihoods.
What is the Environmental and Social categorization rationale?
The project has been categorised as E&S Category C, in accordance with FMO’s Sustainability Policy. The Project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. As part of the Project, Banco de Antigua will be required to apply the EDFI Exclusion List and Guatemalan E&S laws and regulations.
- Website customer/investment
- https://www.bantigua.com.gt/
- Region
- Latin America & The Caribbean
- Country
- Guatemala
- Sector
- Financial Institutions
- Publication date
- 6/27/2022
- Effective date
- 9/20/2022
- Total FMO financing
- USD 7.00 MLN
- Funding
- MASSIF
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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) - C