FICENSA

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

For project inquiries, including environmental and social questions related to an IIC investment, please contact the client or the IIC using the contact information provided above. In addition, project affected communities have access to the IIC Independent Consultation and Investigation Mechanism.
Tel:+1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
E-mail: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
HO3729A-01
Expected Consideration Date by the Board: 
12/20/2013
Date Posted: 
11/19/2013
Company: 
Banco Financiera Centroamericana S.A. (FICENSA)
Sponsoring Entity: 
Not applicable
Financing Requested: 
Loan of up to US$3.9 million
Sector: 
Financial Services
Location: 
Honduras
Country: 
Scope Objective: 

The proceeds of the IIC loan will be used to finance small and medium-sized Honduran enterprises in productive sectors such as industry, manufacturing, construction, agroindustry, and other eligible sectors.

Banco Financiera Centroamericana S.A. (FICENSA) began doing business in Honduras in 1974. With activities geared mainly to corporate financing, the bank has two main offices, one in Tegucigalpa and the other in San Pedro Sula, along with 26 branch offices in the country’s major cities, drive-through teller windows, and an extensive network of automatic teller machines. FICENSA is a member of the Banet network.

Environmental Review: 

Environmental and Labor Issues:

This is a category FI-2 project according to the IIC’s Environmental and Social Sustainability Policy (“IIC Sustainability Policy”) because the subprojects in the financial intermediary’s current or future portfolio are considered medium risk. To enable the Borrower to better understand the IIC’s requirements, FICENSA will be required to attend the IIC’s environmental training workshop for financial intermediaries. Each subproject will be subject to an environmental review and must comply with domestic environmental and labor laws, regulations, and standards, as well as IIC environmental guidelines.