ANSA Merchant Bank Limited
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.
Trinidad and Tobago
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Investment Operations Department Contact
USD $ 50,000,000
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.
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POST OFFICE ADDRESS
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005