Produbanco

Press release

February 18, 2021

FinDev Canada supports leading Ecuadorian Financial Institution Produbanco

Press Release

The loan will finance local SMEs and enhance environmental and sustainability practices among Produbanco’s clients

The development impact value proposition of this transaction is to support Produbanco’s financing of local small and medium‑sized enterprises (SMEs) and green lending for local low‑carbon projects, such as energy efficiency and renewable energy initiatives through its Green Loans program.
Supporting Ecuador’s local economy by financing SMEs: with an increasingly growing SME portfolio, as of December 2020, Produbanco has provided US$ 436M in financing to 1,666 local SMEs in key economic sectors, including the healthcare, food, manufacturing, agriculture and livestock industries.

In December 2020, Produbanco has provided US$ 436M in financing to 1,666 local SMEs in key economic sectors.

Supporting quality employment for women in financial services: women are well represented within Produbanco: 51% of its managers and 63% of its employees are women. Moreover, the bank provides quality employment as it provides an attractive benefits package to its employees, and it supports the career progression of women by offering a dedicated mentorship program.

Supporting green lending for reduced carbon emissions and climate change mitigation: Produbanco’s Green Loan program provides specialized financing for energy efficiency, renewable energy and natural resource management projects in energy‑intensive sectors.
Produbanco’s commitment to sustainability is further showcased by the launch of its Green Saving Accounts in 2019 and its role as the South America representative of the Banking Board of the United Nations Environment Programme – Finance Initiative (UNEP – FI).