Banco Mercantil del Norte S.A.

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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: 
ME3877A-01
Expected Consideration Date by the Board: 
11/10/2009
Date Posted: 
10/09/2009
Company: 
Banco Mercantil del Norte S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Monterrey
Country: 
Scope Objective: 

The purpose of the project is to provide financing to small and medium-size Mexican enterprises for working capital or for purchasing fixed assets and machinery originating in IIC member countries. The beneficiary companies shall not exceed US$20 million in assets or yearly revenue.

Environmental Review: 

Environmental and Labor Issues: This is a category III project according to the IIC’s environmental and labor review procedure because it could produce certain effects that may be avoided or mitigated by following generally recognized performance standards, guidelines, or design criteria. Banco Mercantil del Norte S.A. has attended the IIC financial intermediary environmental training workshop and agrees to retain on its staff at least one employee who has attended the workshop. Each subproject will be subject to an environmental review and must comply with national environmental and labor laws, regulations, and standards as well as IIC environmental guidelines.