Company name

Banco Financiera Centroamericana S.A. (FICENSA)

Project number

HO3729A-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
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FI-2

Country

Honduras

Sector

Financial Institutions

Status

Completed

Disclosed date

12/19/2014

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

Projected board date
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09/19/2014

Approval date

09/19/2014

Signed date

12/16/2014

Sponsoring entity

N/A

Team leader

Elli Gonzalez, Leila Leticia

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 3,900,000

Currency

USD

Project scope and objective

The proceeds of the IIC loan will be used to finance small and medium-sized Honduran enterprises in productive sectors such as industry, manufacturing, construction, agroindustry, and other eligible sectors.

Banco Financiera Centroamericana S.A. (FICENSA) began doing business in Honduras in 1974. With activities geared mainly to corporate financing, the bank has two main offices, one in Tegucigalpa and the other in San Pedro Sula, along with 26 branch offices in the country’s major cities, drive-through teller windows, and an extensive network of automatic teller machines. FICENSA is a member of the Banet network.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

29.7 Kb

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Contact information

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices