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Company name

Banistmo S.A.

Project number

14893-01

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

Panama

Sector

Financial Institutions

Status

Proposed

Disclosed date

07/31/2025

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

Projected board date
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09/12/2025

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

Financial Institutions Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 75,000,000

Currency

USD

Project scope and objective

The proposed transaction involves IDB Invest participating as the lead investor in the issuance of the first senior sustainable bond by Banistmo S.A. (“Banistmo”, the “Bank”, or the “Issuer”) (the “Financing” or the “Project”) in Panama. The bonds will have a term of up to five years, and IDB Invest will subscribe up to US$75 million of the total amount. The funds will be used to expand Banistmo’s financing targeted at women-led Small and Medium-Sized Enterprises (“SMEs”) and the Bank’s green portfolio. Additionally, the Project will provide greater diversification of funding sources and long-term financing.

The Project includes Technical Assistance Services (“TA”) focused on: (i) updating the existing framework with robust Key Performance Indicators (“KPIs”); ensuring alignment with the principles and guidelines of the International Capital Market Association, Panama’s sustainable taxonomy, and applicable local legislation; and (ii) strengthening the Bank’s sustainable financing strategy; and (iii) obtaining and publishing a Second Party Opinion (“SPO”).

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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. 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.

BANISTMO GREEN AND SOCIAL BOND - 14893-01– PN ENVIRONMENTAL AND SOCIAL REVIEW ESRS

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

PHONE NUMBER

(507) 370-8194

POST OFFICE ADDRESS

Calle 50, Torre Banistmo, Panama City, Panama

IDB Invest Contact

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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