Project detail - Unibank, S.A.

Unibank, S.A.

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

Unibank, S.A. (Unibank) is a medium size commercial bank in Panama. The Bank has total assets of USD 524mln and a loan portfolio of USD 336mln as of June 2022.

What is our funding objective?

The USD 28.5 million senior term facility consists of a SME tranche (up to USD 25%) and a Green tranche (at least 75% of the facility). The SME tranche will be used to support Unibank to grow its SME portfolio, while the Green tranche will be on-lend to green projects in line with FMO’s green lending criteria, aimed at renewable energy and energy efficiency in Panama.

Why do we fund this investment?

Providing financing to small and medium enterprises and green projects in Panama will contribute to FMO’s strategic goal to create jobs and reduce GHG emissions.

What is the Environmental and Social categorization rationale?

The bank is classified as E&S Category B in accordance with FMO’s Policy. The bank has developed and implemented an ESMS and has dedicated E&S staff to manage their E&S risks in the portfolio.

Website customer/investment
Latin America & The Caribbean
Financial Institutions
Publication date
Effective date
Total FMO financing
USD 28.50 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)