First Citizens Group Financial Holdings Limited
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.
Trinidad and Tobago
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 175,000,000
Project scope and objective
The proposed transaction with First Citizens Group Financial Holdings Limited (“First Citizens” or “FC”) consists of a senior unsecured financing for no more than US$175 million with a tenor of up to seven years, to be funded by IDB Invest. The purpose of the financing is to support First Citizens’ strategy to: (i) grow its low- and middle-income household mortgage portfolio; (ii) develop its digitalization investments; and (iii) expand its SME lending portfolio.
In addition, First Citizens has signed an agreement for technical advisory services provided by IDB Invest for the development of a Green Finance portfolio and line of business. Advisory services will include the development of a sustainable finance strategy, a portfolio analysis and segmentation and the development of at least one green financial product.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
(868) 624 3178
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005