Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Panama
Location: Chiriqui
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Status: U
Bank Risk Rating: U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-12-12
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Metrobank, S.A.
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD): $ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ IIC website
Updated in EWS: 2017-11-14
Disclosure Date: 2017-11-09
Metrobank PYME
IIC-12033-01

Project Description
The objective of this transaction is to support Metrobank in expanding its SME client database, especially through working with its branch office in Chiriqui Province. Loans booked through the Chiriqui branch are primarily to SMEs working in the commercial sector (40%), services (32%), consumer (18%) and agribusiness (9%). IIC funding will support Metrobank in financing SMEs and will be complemented by technical assistance efforts to help these SMEs develop and strengthen their export capabilities.
Investment Description
Contact Information
For inquiries about the Project, contact: Client Contact name: Emanuel Bosquez Title: Treasurer Phone number: (507) 204-9000 email address: Emanuel.bosquez@metrobanksa.com For inquiries and comments to IIC, contact: IIC’s Communications Group E-mail: divulgacionpublica@iadb.org ACCOUNTABILITY MECHANISM OF IIC The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).