General

PROMERICA FINANCIAL CORPORATION

Sponsored Links

Are you interested in knowing more about promerica financial corporation? If so, then you are on the right page. Feel relaxed and make sure you read the article to the end.

promerica financial corporation

Promerica Financial Corporation (Promerica) is a regional banking group with subsidiaries in Central America, the Caribbean, and Ecuador. Promerica operates on the notion that local context and local people have the greatest impact and believes that financing small and medium-sized enterprises is key in stimulating local economic growth.

The Group has strong focus on sustainability with some of its subsidiaries having developed green products on its assets and liabilities side. Additionally, three of the Group’s subsidiaries have joined the Net-Zero Banking Alliance.

Promerica Financial Corporation is a regional banking group with subsidiaries in Central America, Panama, the Dominican Republic and Ecuador.

READ ALSO:Maurid Polytechnic Admission List for 2022/2023 Academic Session | ND, HND & Degree Programmes

FMO’s funding will mostly be used to strengthen the Tier 1 and Tier 2 capital of PFC’s subsidiaries. The remaining funds will be used by PFC to finance the acquisition of a financial institution in one of the countries where they are active.

Promerica Financial Corporation is a long-standing FMO client. Through this transaction FMO contributes to the growth of a locally-owned financial institution, forming part of a locally-owned banking system that positively influences the development of an emerging economy.

See also  SUNSHINE FINANCIAL SERVICES
Sponsored Links

Leave a Reply

Back to top button