Company name
JN Bank Limited
Project number
15806-01
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
Jamaica
Sector
Financial Institutions
Status
Proposed
Disclosed date
10/20/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/08/2026
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 $ 65,000,000
Currency
USD
Project scope and objective
The Project consists of an unsecured subordinated debt facility of up to US$80 million to JN Bank Limited (“JN Bank” or the “Bank”), comprising a committed tranche of up to US$40 million and an uncommitted tranche of up to US$40 million, with a tenor of up to seven years.
The financing will strengthen the Bank’s regulatory capital and support the expansion of affordable and resilient mortgages and lending to Micro, Small, and Medium‑Sized Enterprises (“MSMEs”) in Jamaica, with a particular focus on improving access to finance for women, first-time homeowners, and low-income groups. Proposed technical assistance will support the development of inclusive mortgage products tailored to these priority groups, green-finance identification and tracking, and the establishment of an Environmental and Social Management System (“ESMS”).
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Contact information
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Client Contact
PHONE NUMBER
+1876-361-2367
POST OFFICE ADDRESS
2–4 Constant Spring Road, Kingston 10, Jamaica
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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.
JN BANK LTD - EXPANDING MORTGAGES - 15806-01-JA - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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