BANCO DE ANTIGUA, S.A. (FMO-61205)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Guatemala
Geographic location where the impacts of the investment may be experienced.
Specific Location
Ciuad Guaemala
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 20, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Banco de Antigua https://www.bantigua.com
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Small & Medium Enterprises
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank, sometimes for a specific lending purpose. A "ring fence" is another name for this specific purpose. These funds are then used for lending by the financial intermediary to client companies or individuals.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 7.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 7.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 7.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Dec 5, 2023

Disclosed by Bank Jun 27, 2022

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

¿QUIÉN ES NUESTRO CLIENTE PROSPECTIVO?

Banco de Antigua es un banco en Guatemala. A YE2021, el banco tiene USD 195 millones en activos totales y una cartera de préstamos de USD 122 millones.

¿CUÁL ES EL OBJETIVO DE LA FINANCIACIÓN?

Los fondos se utilizarán para otorgar préstamos a microempresarios y pymes en zonas rurales de Guatemala.

¿POR QUÉ QUEREMOS FINANCIAR ESTE PROYECTO?

Brindar financiamiento a microempresarios y PYMES en áreas rurales de Guatemala contribuirá al enfoque de FMO y MASSIF de mejorar los medios de vida rurales.

FUNDAMENTO AMBIENTAL Y SOCIAL

El proyecto ha sido categorizado como E&S Categoría C, de acuerdo con la Política de Sostenibilidad de FMO. Se considera que las actividades del Proyecto tienen riesgos y/o impactos ambientales y sociales adversos mínimos o nulos. Como parte del Proyecto, el Banco de Antigua deberá aplicar la Lista de Exclusión de EDFI y las leyes y reglamentos ambientales y sociales de Guatemala.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actor Relationship
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Banco privado que utilizará prestamos para pequeñas y medianas empresas en áreas rurales

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Banco de Antigua, con operaciones en Guatemala


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCESO A LA INFORMACIÓN

Como parte de la divulgación ex ante de FMO (divulgación de transacciones antes de contratar), puede enviar solicitudes o preguntas para obtener información adicional a: divulgacion@fmo.nl

MECANISMO DE RENDICIÓN DE CUENTAS DE FMO

Las comunidades que creen que se verán afectadas negativamente por un proyecto financiado por el Banco de Desarrollo Holandés (FMO) pueden presentar una queja ante el Mecanismo de Quejas Independientes, que es el mecanismo de rendición de cuentas independiente conjunto del Banco de Desarrollo Holandés (FMO) y el Corporación Alemana de Inversiones (KfW). Una queja se puede presentar por escrito, por correo electrónico, correo postal o en línea. La denuncia puede presentarse en inglés o en cualquier otro idioma del denunciante. El Mecanismo Independiente de Quejas está compuesto por un Panel de Expertos Independientes de tres miembros y puede proporcionar resolución de problemas, revisión de cumplimiento o ambos, en cualquier orden. Puede encontrar información adicional sobre este mecanismo de rendición de cuentas, incluida una guía y una plantilla para presentar una queja, en: https://www.fmo.nl/independent-complaints-mechanism

How it works

How it works