Company name
First Global Bank Limited
Project number
JA3344A-01
N/A
E&S category
N/A
Country
Jamaica
Sector
Financial Institutions
Status
In implementation
Disclosed date
08/12/2008
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/16/2008
Approval date
09/30/2008
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 6,000,000
Currency
USD
Project scope and objective
First Global Bank Limited is one of the six commercial banks operating in Jamaica. First Global Bank is a comprehensive provider of first-rate banking products and services. The company’s suite of options includes debit cards and access to automated banking machine services; online banking; certificates of deposit; interest-bearing checking and savings accounts; foreign exchange trading; and corporate and retail lending, including loans and credit cards. The purpose of this IIC project is to support First Global Bank’s lending activities and fund the growth of its credit portfolio. The IIC loan for US$ 6 million would enable the bank to continue to diversify its sources of long-term funding.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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 .
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.
ENVIRONMENTAL AND SOCIAL REVIEW
42.8 Kb