Business life
Banco Promerica incorporates into its portfolio the second issuance of dematerialized bonds with social theme for an amount of USD $ 15 million, which are recorded electronically, symbolizing an evolution towards the modernity and efficiency of the instruments in the capital markets.
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The banking entity marked a before and after in the banking system in May 2024 by becoming the first financial institution in Guatemala in carrying out the first broadcast of Banco Banco Promerica with sustainable theme for an amount of USD $ 50 million.
This transcendental second broadcast, called the 2 Banco Promerica series series with social theme, as well as the previous one (Series 1), has the IDB Invest participation. In this way, Banco Promerica continues to develop the capital market, by complying with the highest regulatory standards both locally, defined by the Superintendence of Banks (SIB), the Monetary Board and the National Stock Exchange, as well as internationally, aligning with the guidelines of the International Association of Capital Markets (ICMA).
The Mission of Banco Promerica is to promote a bank that develops relationships and offers products and services to their communities to help them exceed their limits, whether they are cultural, economic, personal or geographical, so the issuance of the 2 series of Banco Banco Promerica Banco with social theme, continues to strengthen the bank’s strategy to integrate sustainability into all its operations.
These bonds guarantee investors that the funds captured will allocate to the empowerment of MSMEs in Guatemala, especially those not banked, located in vulnerable areas, as well as promote financial inclusion through the financing of the MSMEs led by women.
With the issuance of the Banco 2 Series Promerica Banco with Social Theme, Banco Promerica is consolidated as a leader in innovation and sustainability in the financial sector of Guatemala, at the same time reaffirms its commitment to sustainability, economic and social progress of the country.