Banco Azul was established in 2013 by seasoned Salvadorian businesspeople and is part of the Azul Financial Investment Group, which also includes two insurance companies and a brokerage house. Since its founding, the bank has positioned itself as a niche institution with a strong focus on micro, small and medium-sized enterprises (MSMEs), which now constitute nearly half of its total loan portfolio. This segment is highly underserved since 35% of the MSMEs do not have proper access to financing.
Banco Azul’s green lending portfolio supports the growth of renewable energy and energy efficiency across the country. In 2023, the bank introduced a dedicated loan product for women entrepreneurs, which goes beyond finance by also offering training, advisory services and tailored life and health insurance.
Innovation continues to be central to Banco Azul’s approach, demonstrated by the introduction of new online banking services and digital savings accounts that enhance accessibility and improve the overall user experience.
Finance by Triodos Investment Management
The USD 11.5 million senior debt facility is being provided through Triodos Microfinance Fund and Triodos Fair Share Fund.
