Banco Industrial 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 Industrial S.A. (BI) is the largest bank in Guatemala, with total assets of USD 22.5bln and a market share of 28.4% in assets, 29.6% in loans and 26.8% in deposits as of June 2025. Founded in 1968, BI is a subsidiary of Bicapital Corporation, a Panama-based financial holding with regional operations. BI serves a diversified client base including corporates, SMEs, consumers, and key sectors such as manufacturing, construction, energy, and agriculture, among others.
What is our funding objective?
FMO will co-invest as the lead A lender up to USD 100mln in a syndicated senior unsecured loan of up to USD 300mln, the other lenders will participate with up to USD 100mln each. The facility is fully earmarked for green lending, targeting certified green buildings, renewable energy, electric mobility, among others. The funding is aimed at supporting green activities in Guatemala, with a positive impact on local businesses adopting sustainable practices. Target beneficiaries include SMEs and corporates engaged in renewable energy, sustainable construction, clean transport, and others.
Why do we want to fund this investment?
This transaction aligns with FMO’s strategic focus on supporting high-impact markets and mobilization of capital for green projects, as part of the 2030 strategy through SDG 13 Climate Action. FMO’s additionality stems from offering terms not available in the local market, including extended maturities and a strong sustainability focus.
What is the Environmental and Social categorization rationale?
Banco Industrial has been categorized as Category A in accordance with FMO’s Sustainability Policy due to its lending activities, which are exposed to sectors with potential adverse environmental and social impacts such as manufacturing, energy sector and construction. These include risks that could extend beyond the immediate client level and may require enhanced mitigation and monitoring measures.
More investments
| Date | Total FMO financing |
|---|---|
| 9/11/2025 | USD 40.00 MLN |
- Website customer/investment
- https://www.corporacionbi.com/gt/bancoindustrial/
- Region
- Latin America & The Caribbean
- Country
- Guatemala
- Sector
- Financial Institutions
- Publication date
- 9/11/2025
- Deadline for feedback
- 11/10/2025
- Total FMO financing
- USD 60.00 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) - A
- Translation
- https://www.fmo.nl/banco-industrial-s.a.