BANCO CMF S.A. (FMO-54043)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 27, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
BANCO CMF S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Mar 29, 2019


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Project Description

Banco CMF is a medium sized bank providing financing and a wide range of banking services to SMEs and small corporates in Argentina. Founded in 1978 as a financial company, CMF operates as a bank since 1996 and currently has total assets of USD 450 million and serves more than 500 SME clients.

FMO's funding is to be used by Banco CMF to continue providing loans to SMEs, growing its portfolio of loans for working capital and capital investments.

Given its focus on long term relationships and providing high quality service to its clients, CMF is an attractive partner for FMO to contribute to the development of SMEs in the country. By increasing its SME portfolio and providing longer tenor loans, our partnership with CMF contributes to our strategy of supporting economic growth and job creation in Argentina.

Investment Description
  • Netherlands Development Finance Company (FMO)

The bank did not provide information about the investment type at the time of publication of this snapshot.

Private Actors
Contact Information

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism