Company name
FINABANK N.V.
Project number
15568-01
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
FI-2
Country
Suriname
Sector
Investment Funds
Status
Proposed
Disclosed date
03/26/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/30/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 15,000,000
Currency
USD
Project scope and objective
Finabank is one of the systemically important financial institutions in Suriname. IDB Invest is exploring a potential equity investment in Finabank for up to US$20 million. The main purpose of the equity investment will be to strengthening Finabank’s capital base to further support the sustainable growth of the Bank’s lending portfolio in two areas: (i) Small and Medium-Sized Enterprises (“SMEs”) lending (increase access to finance for SMEs in Suriname); and (ii) allow Finabank to provide larger loans to their corporate segment in line with expected growth of the economy from 2028.
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Contact information
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Client Contact
PHONE NUMBER
+597 7600561
POST OFFICE ADDRESS
Dr Sophie Redmonstreet 59-61, Paramaribo - Suriname
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For information requests about the project.
Request informationLearn more about how we provide private-sector solutions in the region .
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.
FINABANK - EQUITY - 15568-SU - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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