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Supporting the gender and climate projects of Unibank
Project
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Signature date
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Location
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Panama
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Financing tool
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Financing amount (Euro)
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18 928 639,03
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Customer
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Unibank S.A
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Type of customer
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Financial institution
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Country of headquarters
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Panama
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Project number
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PPA1023
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Environmental and social ranking
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IF-A
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco has allocated a $20 million loan to Unibank S.A. to enable it to scale up its action for the climate and gender equality.
Client presentation
Unibank is a Panamanian bank founded in 2010. It has close to $600 million in assets and a strong climate and gender commitment.
Project description
Proparco has allocated $20 million of financing, with 50% of the funds geared towards gender equality (on the basis of 2X Challenge criteria) and 50% geared towards the climate.
Project impact
The expected impacts of this financing are as follows:
Employment
- Support for 4,100 jobs over the next 5 years in the companies financed by the bank, mainly through indirect jobs
Start-ups & SMEs
- Support for 55 MSMEs
Climate
- 50% of this financing has climate mitigation co-benefits
Gender
- Contribution to gender equality through a commitment to finance companies aligned with the criteria of the 2X Challenge (for an amount equivalent to 50% of Proparco’s financing). Proparco’s financing is aligned with the 2X Challenge on the basis of the criteria 3 (Employment) and 6 (Portfolio)
The project will thereby contribute to the achievement of SDG 5 (Gender equality), SDG 8 (Decent work and economic growth) and SDG 13 (Climate action).