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Company name

Banco Múltiple BHD, S.A.

Project number

14037-01

FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.

E&S category
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FI-3

Country

Dominican Republic

Sector

Financial Institutions

Status

In implementation

Disclosed date

10/19/2023

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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12/05/2023

Approval date

12/05/2023

Signed date

12/19/2023

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 75,000,000

Currency

USD

Project scope and objective

The proposed transaction consists of a subordinated loan (Tier 2 capital) to Banco Múltiple BHD, S.A. ("Banco BHD" or the "Bank") of up to US$75 million (the "Project" or the "Financing") for a tenor of up to seven years. The Project will support Banco BHD's capital structure by increasing its Tier 2 capital base, and will promote the growth of the Bank's loan portfolio to small and medium-sized enterprises led or owned by women ("women-led SMEs") in the Dominican Republic. It is expected the Project will be complemented with technical advisory services that will support Banco BHD enhance its gender, diversity, and inclusion value proposition and data, to improve and increase access to financial and non-financial services for women-led SMEs.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

BHD BANK- SUBORDINATED DEBT FOR WOMEN-LED SMES - 14037-01–DR-ENVIRONMENTAL AND SOCIAL REVIEW ESRS

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

Vera_jimenez@bhd.com.do

PHONE NUMBER

+(809)243-5435

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .