PROJECT

Projects

Summary of Investment Information

Project Number

48718

Company Name

BANCO MULTIPLE BHD SA

Date SPI Disclosed

Nov 17, 2023

Country

Dominican Republic

Region

Latin America and the Caribbean

Projected Board Date

Dec 19, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 24, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Dec 18, 2023
Signed : Dec 19, 2023
Invested : Dec 22, 2023

Sector

Commercial Banking - General

Project Description

 The proposed Project consists of a three-year senior unsecured “A” loan for up to US$100 million to Banco Multiple BHD, S.A. (“BHD” or the “Bank”) in the Dominican Republic. The loan proceeds will be used to support the Bank’s small and medium enterprises (“SMEs”) portfolio growth, including a portion that will be on-lent to woman-owned SMEs (“WSMEs”); and, climate-related assets.

Associated Advisory Engagement

A potential advisory engagement with BHD will support the Bank in building its capacity to identify and classify climate -related assets.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation