Banco Multiple Promerica de la Republica Dominicana S.A.
Status: Proposed investmentWhy 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
We welcome feedback on this proposed investment opportunity for FMO. The ending of the proposed investment phase is indicated on the right side of this page. 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 prospective customer?
Banco Múltiple Promerica ("Promerica DR") is a mid-sized commercial bank in the Dominican Republic, serving a strong client base across both consumer and commercial segments. The bank is actively expanding its footprint in the corporate and Small and Medium Enterprises (SME) sectors. Ranked 6th out of 16 multiple-service banks in the country, Promerica DR holds total assets of USD 1.16 billion and equity of USD 77 million. It is part of Grupo Promerica, a regional financial group operating in countries across Latin America and the Caribbean.
What is our funding objective?
The proposed facility is a syndicated loan of up to USD 70 million, with FMO contributing up to USD 45 million (of which USD 10 million is uncommitted). The proceeds will be used to finance green loans and support SMEs, including those owned or led by women. This aligns with FMO’s strategic objectives to promote climate action (SDG 13) and reduce inequality (SDG 10).
Why do we want to fund this investment?
Through this facility, FMO advances its mission to support SME development, foster gender equality, and contribute to a greener economy. The financing offers significant added value, particularly given the limited availability of long-term funding in the Dominican Republic.
What is the Environmental and Social categorization rationale?
The project is classified as Environmental & Social Category B under FMO’s policy. Promerica DR has a robust Environmental and Social Management System (ESMS), fully integrated into its risk management framework. The bank’s risk classification criteria are consistent with those of the broader group and comply with national E&S regulations. Exposure to transactions triggering IFC Performance Standards remains below 10% of the bank’s total portfolio.
- Website customer/investment
- https://www.promerica.com.do/
- Region
- Latin America & The Caribbean
- Country
- Dominican Republic
- Sector
- Financial Institutions
- Publication date
- 7/30/2025
- Deadline for feedback
- 8/29/2025
- Total FMO financing
- USD 35.00 MLN
- Funding
- FMO NV
-
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