Produbanco

Latin America

Region

176.6

Commitment (MNOK)

Active

Status

Produbanco is 62% owned by the Promerica Financial Corporation (“PFC” or “the Group”), which is one of the three largest regional banking groups in Central America with Total Assets of USD 19.8bln as of Dec. 2022 (Produbanco Rating by Fitch: B- with Stable Outlook). As the largest subsidiary of PFC, Produbanco accounts for 34% of the Group’s total assets. Additionally, it is 5% owned by Grupo Fiero, which is a Spanish financial conglomerate, and 33% owned by 627 minority shareholders

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Key information

Sector:
Financial Inclusion
Commitment (MNOK):
176.6
Year:
2023
Region:
Latin America
Country:
Ecuador
Domicile:
Ecuador
Instrument:
Loans
Status:
Active
Mandate:
Development

Additionality Produbanco

This investment is particularly additional on the following ambitions:

  • investing in the most capital constrained markets
  • investing in risky markets
  • investing in sectors with high development needs
  • investing in high risk markets
  • Investing in high risk instruments
  • taking an active role in investments