Skip to main content

Company name

ANSA Merchant Bank Limited

Project number

13089-01

FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.

E&S category
tooltip

FI-2

Country

Trinidad and Tobago

Sector

Financial Institutions

Status

Proposed

Disclosed date

04/11/2023

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
tooltip

06/28/2024

Approval date

11/30/2023

Signed date

12/20/2023

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 50,000,000

Currency

USD

Project scope and objective

The proposed transaction with ANSA Merchant Bank Limited (“ANSA Merchant” or “AMBL”) consists of a financing for up to US$50 million to be comprised of a committed subordinated unsecured loan of up to US$35 million and an uncommitted subordinated loan of up to US$15 million, each to be financed by IDB Invest. Each of the subordinated loans will have a tenor of up to seven years. The purpose of the financing is to support AMBL’s Tier 2 capital financing as follows: the committed subordinated loan will support AMBL’s strategy to grow its SME lending portfolio and develop its digitalization capabilities and the uncommitted subordinated loan will support aimed at AMBL’s lending in green portfolios subject to a robust EMS.

In addition, ANSA Merchant will sign an agreement for technical advisory services provided by IDB Invest aimed at supporting the development of its green finance portfolio and line of business. The Advisory services will include the development of a sustainable finance strategy, a portfolio analysis and segmentation and the development of at least one green financial product.

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .

Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

ANSA MERCHANT BANK LIMITED PARTNERSHIP - 13089-01 - ENVIRONMENTAL SOCIAL REVIEW SUMMARY (ESRS)

153.6 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information :

Client Contact

EMAIL

reaaz.shah@ansamcal.com

PHONE NUMBER

868-225 -1098

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .