Banco Promerica Costa Rica is a privately owned commercial bank and part of Grupo Promerica, a regional financial group operating in eight Latin American countries and the Cayman Islands. Grupo Promerica and Banco Promerica Costa Rica are recognised as leading institutions in green lending in the region and in Costa Rica, through a diversified offering. Grupo Promerica holds a green portfolio of USD 1.3 billion, of which USD 250 million is managed by Banco Promerica Costa Rica.Grupo Promerica has a comprehensive sustainability strategy aligned with ESG principles and the UN Sustainable Development Goals. A signatory of the Net Zero Banking Alliance, Banco Promerica Costa Rica has been certified as carbon neutral in its operations since 2020.
Gender equality
Through its ‘Protagonistas’ program, Grupo Promerica and Banco Promerica Costa Rica promote gender equality. Banco Promerica Costa Rica launched its first gender strategy in 2020, aligned with the UN Women’s Empowerment Principles. Meanwhile, it has progressed from beginner to leader reaching 75% in the WEP´s auto-evaluation. Today, close to thirty percent of SMEs in the bank’s portfolio are led by women.
Banco Promerica Costa Rica has developed a suite of sustainable products for both individuals and businesses, supported by a dedicated sustainability and green finance team. The bank was also the first in Central America to issue a sustainable bond and the first commercial bank in Latin America to be accredited before the Green Climate Fund.
Finance by Triodos Investment Management
The senior debt facility is provided by Triodos Microfinance Fund and Triodos Fair Share Fund. This new facility builds on a long-standing relationship between Triodos Investment Management and Grupo Promerica and underlines our shared commitment to advancing a more inclusive and sustainable financial sector in the region. The loan enables the bank to further grow in green, gender-lens and SME lending, while supporting its ongoing digital transformation.