Latin America & Caribbean
|Date joined:||11 September, 2019|
Founding Signatory to the Principles for Responsible Banking
Banco de la Producción, S.A. (Banpro) Grupo Promerica is a private company founded in November 1991, with the purpose of brokering public deposits to invest in a wide variety of businesses therefore stimulating Nicaragua’s economy.
Over the years since its founding, Banpro Grupo Promerica has experienced sustained growth in its assets and deposits, hence becoming the nation’s largest bank, and relative to Central American banks. To achieve this privileged position Banpro Grupo Promerica has developed a service-based growth strategy with added value to customers, building long-lasting relationship with its customers.
Banpro Grupo Promerica has more than 3,504 location points across the country, and a wide range of products and services.
Summary of sustainability strategy
One of Banpro Grupo Promerica’s key business strategies is sustainability. The bank is contributing to sustainability goals set by the 2030 UN Agenda by actively participating and impacting the economy, society and environments in the markets that it serves.
The bank’s sustainability strategy is concentrated in seven dimensions:
- Sustainable products
- Sustainable business chains
- Environmental and social management in its portfolio
- Education and financial inclusion
- Corporate Social Responsibility programs
- Sustainable institutional investments
- Social benefit created by digital innovation.
Why the bank has joined UNEP FI as a member
The Principles for Responsible Banking were launched to support banks to develop and implement their sustainable strategies in their respective communities. It is for this reason that Banpro Grupo Promerica, with a firm-commitment to its communities and environment, decided to become a Founding Signatory and member.
“We live in times where digital media constantly reminds us about the consequences of environmental destruction. This has convinced us, at Banpro Grupo Promerica that sustainability must be at the core of our organization; therefore, we must be at the forefront of changing the attitudes of our employees and customers by adopting sustainable actions for the benefit of everyone and most importantly future generations,” Juan Carlos Argüello Robelo, CEO, Banpro Grupo Promerica