Produbanco has announced the placement of more than 43 million dollars for blue financing projects, which is aimed at the preservation and conservation of water resources, and the goal is to bring this portfolio to 63 million dollars by 2024.

According to the entity, which is a member of the Promerica International Financial Group, the funds they received come from international institutions that aim to generate a positive effect on the use of water in various aspects, including water treatment plants. , certification of hectares of shrimp and ponds, efficient irrigation systems and improvement of infrastructure for the care of marine species.

Produbanco has approved 336 loans, as of March 2022, with funds raised from its first sustainable bond of $50 million

The vice president of Produbanco’s segment of small and medium enterprises, Gregorio Moreno, indicated that Produbanco has launched a series of concrete actions to improve water supply in rural areas and optimize production processes through advanced water treatments.

According to Moreno, these initiatives not only benefit local communities, but also promote the sustainability and efficiency of the companies supported by the bank. “This trend, which has appeared in recent years, contributes to the positive impact that companies can achieve in the use and conservation of water, which is why we at Produbanc are including the issuance of blue bonds in 2023, as an addition to our financing strategy in sustainability,” he said.

IDB Invest and Produbanco announce the issuance of a sustainable bond for 50 million dollars in Ecuador

The entity stated that the international funding it received, under the blue category, was guided by rigorous criteria and measurement of the impact it would have, and as a result, it detailed that more than 9,500 people were directly employed and more than 6,300 workers were assisted in provinces with poverty rates above 20%.

“This additional investment will allow us to support more projects and initiatives that contribute to the conservation and good use of water,” the bank added.