Honduras: Atlántida Bank Expands “Green” Loans

The entity has received a $20 million IDB loan to expand its loan portfolio to operations with environmental sustainability.

Thursday, July 28, 2011

The Inter-American Development Bank today announced the approval of a "green" facility with $30 million going to Banco Atlantida in Honduras to support lending to environmentally sustainable projects. The facility for medium-term financing consists of load A, a $20 million IDB loan, and loan B, to be syndicated by the IDB, with a target figure of $10 million.

Atlantis Bank is in the process of developing a portfolio of "green" loans for small and medium business customers, covering various eligible sectors, such as renewable energy, energy efficiency and biofuels, among others.

"The IDB expects to strengthen its support to Honduras through the new green line, advancing in its efforts to address the key economic sectors in our development strategy," said Daniela Carrera-Marquis, Chief of the Financial Markets Division of the IDB. "In addition to generating significant environmental benefits, this investment will increase the availability of medium and long term financing for small and medium business customers, which are the engines of job creation in Honduras."



More on this topic

Banco Promerica de Costa Rica to increase mortgages and loans for green projects with IDB support

September 2010

$15 million IDB loan is the first to a Costa Rican financial institution that seeks to expand its mortgage and green financing business

The Inter-American Development Bank (IDB) approved a $15 million loan to Banco Promerica de Costa Rica to help the bank expand its long-term mortgage operations and loans for environmentally sustainable projects.

IDB, BBVA Panama sign $15 million to boost lending for small business

March 2010

BBVAP and IDB signed documents for a $15 million loan to provide BBVAP with long-term funding to support its lending to small and medium-sized enterprises.

The IDB loan will allow BBVAP to significantly expand its lending to SMEs, a strategic sector for economic growth and job creation in Panama.

IDB approves green facility for Banco General of Panama

November 2009

A $20 million non-sovereign guaranteed loan from the IDB will support Banco General, in growing a portfolio of green projects.

The facility will support investments involving energy efficiency, renewable energy, water and wastewater treatment, waste management and other carbon-mitigating projects.

IDB loan to help BBVA Panama boost lending for small businesses

November 2009

The Inter-American Development Bank approved a $15 million loan to provide Banco Bilbao Vizcaya Argentaria (Panama), S.A. (BBVAP) with long-term funding to support its lending to small and medium-sized enterprises.

Additionally, the IDB helped catalyze a parallel US$25 million loan from the German development lender Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) to BBVAP, a unit of the Spanish Grupo BBVA.

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