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.
Trinidad and Tobago
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Republic Bank Ltd.
Castro Fonseca, Cristie
USD $ 75,000,000
Project scope and objective
The proposed transaction consists of an unsecured subordinated loan to Republic Bank Ltd. (“Republic”, “Republic Bank” or the “Bank”) denominated in US Dollars (“US$”) for up to US$75 million. The tenor of the financing will be up to seven years. IDB Invest’s subordinated loan will be used by Republic Bank to (i) finance its digital integration process; and (ii) increase the size of its retail portfolio by funding small and medium-sized enterprises (“SME”) and housing.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
+1 (868) 625-3617
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005