Financial institutions
BIO invests in financial institutions to build a stronger, more inclusive financial backbone for developing economies. We go beyond financial stability to support institutions that can withstand challenges such as climate change and create lasting positive impact. Our deep understanding of local contexts, coupled with our patient capital and commitment to sustainable development, makes DFIs like BIO uniquely suited to support these critical financial intermediaries. Our focus is on expanding access to finance for micro, small and medium-sized enterprises (MSMEs) through responsible microfinance, opening new markets and harnessing technological innovation. By strengthening these businesses, we foster entrepreneurship and unlock local economic growth.
This brings the total number of approved investments in financial institutions to 46, with a total value of EUR 391.5 million.
Total approved commitments on 31/12/2024
As part of the BDSF, BIO also approved 9 technical assistance projects for financial institutions, totalling EUR 377,428.
BIO has granted a EUR 13.6 million loan to BRAC International as part of a EUR 32.3 million debt financing round, alongside Ceniarth, Global Partnership, and Proparco.
"The informal economy is a significant sector in many developing economies. Microfinance provides an opportunity for individuals to grow sustainable small businesses and formalise their employment. With this investment, BRAC aims to support 240 beneficiaries."
Joris Totté, CEO BIO
BIO has granted a USD 20 M loan to Access Bank Plc, a Nigerian commercial bank.
BIO has granted EUR 73,135 of technical assistance to ACEP Group, a network of MFIs that is present in five African countries.
BIO has granted a USD 15 M loan to Banco Azul de El Salvador, a commercial bank in El Salvador.
BIO has granted a USD 20 M loan to Banco Guayaquil, an Ecuadorian universal bank.
BIO has signed a USD 15 M loan for Banco para la produccion y la comercializacion SA (Bancop), a cooperative bank in Paraguay.
BIO has granted USD 35.9 K of technical assistance to Banco Solidario, an Ecuadorian microfinance institution.
BIO has granted USD 27.6 K of technical assistance to Banco Solidario, an Ecuadorian microfinance institution.
BIO has granted a USD 1.5 M loan to BRAC Sierra Leone, an international microfinance organisation active in Sierra Leone.
BIO has granted a USD 13.6 M loan to BRAC Tanzania, an international microfinance organisation active in Tanzania.
BIO has granted a USD 1.5 M loan to BRAC Liberia, an international microfinance organisation active in Liberia.
BIO has granted a USD 2.2 M loan to BRAC Uganda, an international microfinance organisation active in Uganda.
BIO has granted USD 18.000 of technical assistance to the EVN Finance Joint Stock Company, a deposit taking Non-banking Financial Institution in Vietnam.
BIO has granted a USD 10 M loan to EVN Finance Joint Stock Company, a deposit taking Non-banking Financial Institution in Vietnam
BIO has granted USD 18 K of technical assistance to Financiera Finexpar, a financial institution in Paraguay
BIO has granted a USD 20 M loan to Fundacion Génesis Empresarial, a Guatemalan microfinance institute.
BIO has granted USD 12.000 to Mesa de Finanzas Sostenibles, a non-profit organisation dedicated to the Paraguayan financial sector.
BIO has granted USD 56 K of technical assistance to MAA General Assurance Phils, a non-life insurance company in the Philippines.
BIO has granted a USD 15 M loan to Mutual Trust Bank, a commercial bank in Bangladesh.
BIO has granted EUR 201.930 of technical assistance to Sanasa Development Bank, a Sri Lankan licenced specialised bank.
BIO has granted a USD 10 M loan to TerraPay, a global digital payment company.