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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 3,000,000
Project scope and objective
The project’s main objective is to support Finabank’s SME portfolio by providing additional sources of US$ funding as a response mechanism to the effects of the COVID-19 pandemic. With IDB Invest’s support, the Bank will have access to funds to finance its SME portfolio, facilitating loan access for private companies in an environment where financial options are limited, especially for medium-and long-term needs in US$.
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.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Chief Executive Officer
(597)472266 ext. 1300
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005