Status: Approved investment
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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

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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

Our customer is ASBANC (Peru’s Banks’ Association), which was founded in 1967, and is a non-for-profit institution that represents private banks and financial institutions in Peru. Its main purpose is to generate prosperity and sustainability through financial inclusion. The association currently has 17 banks as full associates, and 6 other financial institutions (adherent associates).

What is our funding objective?

With this funding, FMO supports the initial work of the Peru Sustainable Banking Initiative. ASBANC requires a benchmarking study that evaluates how much each of its associates has progressed developing their sustainable banking strategies, their strengths, improvement opportunities and how the sector compares to international counterparts. Therefore, the main objective of this initial project is to carry out the benchmarking study with ASBANC’s associates.

Why do we fund this investment?

FMO is increasingly supporting the role of banking associations in serving as change agents within the financial sector to introduce sustainable banking, environmental and social management, leadership opportunities and knowledge building. Banking associations serve a key function through their work with members banks to improve the understanding at a sector level, agree to common standards, provide tools and methods for shared use, and to be better prepared for accessing new financial opportunities.

Website customer/investment
Latin America & The Caribbean
Financial Institutions
Publication date
Effective date
Total FMO financing
USD 0.03 MLN