Company name
FinaBank N.V.
Project number
12132-02
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 
FI-2
Country
Suriname
Sector
Financial Institutions
Status
Inactive
Disclosed date
12/09/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/25/2022
Approval date
01/10/2022
Signed date
N/A
Sponsoring entity
N/A
Team leader
Apel, Michael
Investment type
Syndicated amount
N/A
Financing amount
USD $ 3,000,000
Currency
USD
Project scope and objective
The project’s main objective is to support the growth of Finabank’s loan portfolio in Suriname by strengthening its capital. The idea is to consolidate a financial institution in the Caribbean that can facilitate loan access for private companies in an environment where financial options are limited, especially for medium-and long-term needs.
Established in 1991, Finabank operates in several areas of the commercial and retail banking sector, offering a wide range of products and financial services. Finabank’s main focus has been to stay actively involved in client needs and offer customized financial services and products in order to create long-lasting partnerships.
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Contact information
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Request informationAlternatively, you may also use the following contact information:
Client Contact
CONTACT NAME
Eblein Frangie
POSITION
Chief Executive Officer
PHONE NUMBER
(597)472266 ext. 1300
eblein.frangie@FinabankNV.com
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.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region.
Early disclosure
FINABANK 12132-02 ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
225.3 Kb