Banco Múltiple Promerica, S.A.
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
Jimenez Duran, Manuel Jose
USD $ 10,000,000
Project scope and objective
The proposed transaction consists of an unsecured subordinated loan in US dollars ("US$") to Banco Múltiple Promerica, S.A. ("Promerica" or the "Bank"), for an amount of up to US$10 million. The maturity of the loan will be of up to seven years. The subordinated loan from IDB Invest will be used by Promerica to increase the size of its commercial portfolio by providing financing to small and medium enterprises (SMEs).
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Margarita Armenteros Ferrua
VPA Senior Finance
1 (809) 732-8448
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005