BDI

Latin America

Region

184.3

Commitment (MNOK)

Active

Status

Banco BDI was founded by Pedro Rodríguez Villacañas in 1974 as Banco de Desarrollo Industrial, S.A. During the 1975-1987 period, the Bank carried out development banking work, channeling specialized resources through the Central Bank of the Dominican Republic, the World Bank, USAID (the U.S. Agency for International Development) and the Inter-American Development Bank to the important Agro-Business and Industrial sectors of the country, as well as to the Free Zones and Tourism, to a lesser degree. In 1988, the Bank expanded its business philosophy, successfully developing the areas of Private and Corporate Banking. In November 2001, the Monetary Board approved the change of franchise to Commercial Bank, authorizing it to offer multiple banking services, under the name of Banco Múltiple BDI, S.A. Currently, it is the 10th largest bank out of 17 in the country, and one of a few banks with SMEs as its main focus.

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Key information

Sector:
Financial Inclusion
Commitment (MNOK):
184.3
Year:
2022
Region:
Latin America
Country:
Dominican Republic
Domicile:
Dominican Republic
Instrument:
Equity
Status:
Active
Mandate:
Development

Additionality BDI

This investment is particularly additional on the following ambitions:

  • Investing in the most capital constrained markets
  • Investing in the riskiest markets
  • Investing in sectors with high development needs
  • Investing in high risk instruments
  • Mobilising private investors
  • Taking an active role in investments
  • Improving social and environmental performance

Read more about the investment:

Norfund makes first capital investment in the Dominican Republic