• Panama
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.
Bank Risk Rating
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.
Banco La Hipotecaria S.A.
The holder of the loan, grant, or other investment.
  • Construction
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 35.00 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)
$ 35.00 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 Nov 6, 2020

Disclosed by Bank Oct 1, 2020

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Project Description

Banco La Hipotecaria, S.A. is a privately owned Panama based bank that focuses on the financing of the residential housing mortgage segment in Panama and through subsidiaries in El Salvador and Colombia. As of June 2020, the bank has consolidated total assets of USD 925 million and its mortgage portfolio was distributed 74% in Panama, 16% in El Salvador and 10% in Colombia. Banco La Hipotecaria, S.A. and its subsidiary in El Salvador, La Hipotecaria S.A. de C.V. will both be borrowers of the facility.

This facility will be directed to the financing of affordable housing mortgages in Panama and El Salvador, targeting borrowers of middle and middle-low income, a segment that is underserved, supporting economic growth and reducing inequalities.

The Clients have been categorised as Category C in accordance with FMO's Sustainability Policy. The Clients' activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. As part of the transaction, La Hipotecaria will continue to comply with Panamanian and Salvadorian E&S laws and regulations.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
Contact Information


As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to:


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: