Company name
Banco Múltiple BHD, S.A.
Project number
14037-01
FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
E&S category
FI-3
Country
Dominican Republic
Sector
Financial Institutions
Status
In implementation
Disclosed date
10/19/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/05/2023
Approval date
12/05/2023
Signed date
12/19/2023
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 75,000,000
Currency
USD
Project scope and objective
The proposed transaction consists of a subordinated loan (Tier 2 capital) to Banco Múltiple BHD, S.A. ("Banco BHD" or the "Bank") of up to US$75 million (the "Project" or the "Financing") for a tenor of up to seven years. The Project will support Banco BHD's capital structure by increasing its Tier 2 capital base, and will promote the growth of the Bank's loan portfolio to small and medium-sized enterprises led or owned by women ("women-led SMEs") in the Dominican Republic. It is expected the Project will be complemented with technical advisory services that will support Banco BHD enhance its gender, diversity, and inclusion value proposition and data, to improve and increase access to financial and non-financial services for women-led SMEs.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
Vera_jimenez@bhd.com.do
PHONE NUMBER
+(809)243-5435
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
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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.
BHD BANK- SUBORDINATED DEBT FOR WOMEN-LED SMES - 14037-01–DR-ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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