Company name

FinaBank N.V.

Project number

12132-02

FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.

E&S category
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FI-2

Country

Suriname

Sector

Financial Institutions

Status

Inactive

Disclosed date

12/09/2021

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

Projected board date
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04/25/2022

Approval date

01/10/2022

Signed date

N/A

Sponsoring entity

N/A

Team leader

Apel, Michael

Investment type

Syndicated amount

N/A

Financing amount

USD $ 3,000,000

Currency

USD

Project scope and objective

The project’s main objective is to support the growth of Finabank’s loan portfolio in Suriname by strengthening its capital. The idea is to consolidate a financial institution in the Caribbean that can facilitate loan access for private companies in an environment where financial options are limited, especially for medium-and long-term needs.

Established in 1991, Finabank operates in several areas of the commercial and retail banking sector, offering a wide range of products and financial services. Finabank’s main focus has been to stay actively involved in client needs and offer customized financial services and products in order to create long-lasting partnerships.

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Early disclosure

FINABANK 12132-02 ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

225.3 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Eblein Frangie

POSITION

Chief Executive Officer

PHONE NUMBER

(597)472266 ext. 1300

EMAIL

eblein.frangie@FinabankNV.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices