Banco Industrial S.A. (FMO-65334)

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
Ciudad de Guatemala
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.
Bank Risk Rating
A
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
Jul 7, 2026
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 Industrial, S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Energy
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Trade Finance
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)
$ 60.00 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)
$ 60.00 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 Jun 14, 2026

Disclosed by Bank Sep 11, 2025

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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.

WHO IS OUR CUSTOMER?

Banco Industrial S.A. (BI) is the largest bank in Guatemala, with total assets of USD 22.5bln and a market share of 28.4% in assets, 29.6% in loans and 26.8% in deposits as of June 2025. Founded in 1968, BI is a subsidiary of Bicapital Corporation, a Panama-based financial holding with regional operations. BI serves a diversified client base including corporates, SMEs, consumers, and key sectors such as manufacturing, construction, energy, and agriculture, among others.

WHAT IS OUR FUNDING OBJECTIVE?

FMO is co-investing as the lead A lender up to USD 100mln in a syndicated senior unsecured loan of USD 300mln, the other lenders participate with USD 100mln each. The facility is fully earmarked for green lending, targeting certified green buildings, renewable energy, electric mobility, among others. The funding is aimed at supporting green activities in Guatemala, with a positive impact on local businesses adopting sustainable practices. Target beneficiaries include SMEs and corporates engaged in renewable energy, sustainable construction, clean transport, and others.

WHY DO WE FUND THIS INVESTMENT?

100% of the FMO's investment is labelled as Green as it supports activities related to climate mitigation, contributing to SDG 13, Climate Action, in line with the FMO' s methodology to determine the green finance attribution. This transaction aligns with FMO's strategic focus on supporting high-impact markets and mobilization of capital for green projects, as part of the 2030 strategy. FMO's additionality stems from offering terms not available in the local market, including extended maturities and a strong sustainability focus.

WHAT IS THE ENVIRONMENTAL AND SOCIAL CATEGORIZATION RATIONALE?

Banco Industrial has been categorized as Category A in accordance with FMO's Sustainability Policy due to its lending activities, which are exposed to sectors with potential adverse environmental and social impacts such as manufacturing, energy sector and construction. These include risks that could extend beyond the immediate client level and may require enhanced mitigation and monitoring measures.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
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 Industrial S.A.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - BANCO INDUSTRIAL S.A. Undisclosed -

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.

ACCESS TO INFORMATION

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

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

How it works

How it works