Investment
Portfolio

Armenia

Ameriabank

Ameriabank

AmeriaBank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. For its outstanding financial performance, efficient activity, strategic approaches in view of the current economic situation and tough competition, Armenia’s leading bank was named “Bank of the Year in Armenia 2016” by The Banker, a Financial Times publication, winning the award for the fourth time and the second year in a row. In 2016, Ameriabank was recognized as the Best Bank in Armenia by Euromoney and Global Finance.

Bangladesh

The City Bank Limited

The City Bank Limited

The City Bank Limited (CBL) was incorporated and licensed as a bank in 1983 as one of the first private sector banks in Bangladesh. Corporate banking comprises over half of the portfolio. Other significant portfolio segments include retail banking and SME banking. The bank currently has a total of 112 branches. CBL received Best Bank in Bangladesh awards from both Finance Asia and Euromoney in 2014. With GCPF funding, City Bank aims to finance energy efficiency projects in the textile sector.

Southeast Bank Limited

Southeast Bank Limited

SEBL was established in 1995 and is one of the leading private sector banks in Bangladesh, with over 100 branches and over 2000 employees. While the bank is focused on SME and corporate segments, going forward agriculture and retail are also priorities for the bank. With GCPF funding, SEBL focuses on industrial energy efficiency and recycling.

Brazil

Banco Pine

Banco Pine

Founded in 1997, Banco Pine is a wholesale commercial bank that operates 11 branches in Brazil, one branch in the Cayman Islands and a US subsidiary in New York. The bank principally serves corporate clients and investors with credit platforms, an investment banking unit and FICC (Fixed Income, Commodities and Currencies). The bank has been listed on Sao Paulo’s stock exchange since 2007. With GCPF funding, Banco Pine has financed the replacement of outdated industrial machinery.

Cambodia

PRASAC

PRASAC

PRASAC, Cambodia’s largest microfinance institution, helps Cambodian people improve their living standards by providing sound financial solutions for growth, such as loans, deposits, bill payments, money transfers, foreign exchange, payroll, mobile top-up with various distribution channels, namely its nationwide network with 181 branches, mobile and Internet banking, 116 ATMs, and 127 POS. As of November 2016, PRASAC had lent USD 994 million to more than 341,000 active borrowers, and mobilised deposits of USD 601 million from more than 488,000 depositors.

Costa Rica

Banco Promerica Costa Rica

Banco Promerica Costa Rica

Promerica Costa Rica is part of Promerica Financial Corporation, a regional financial services group. GCPF invests in two other subsidiaries of PFC in Nicaragua and Dominican Republic. The bank is one of the most experienced banks in green lending in the region. GCPF funding will be mainly used to finance energy efficient bus fleet replacements, solar panels, energy efficient appliances, solar water heaters, industrial boilers and biomass projects.

Dominican Republic

Banco Multiple Promerica de la Republica Dominicana

Banco Multiple Promerica de la Republica Dominicana

The Banco Multiple Promerica de la Republica Dominicana is part of Promerica Financial Corporation, a regional financial services group. GCPF invests in two other subsidiaries of PFC in Nicaragua and Costa Rica. While the bank has a long history in consumer lending, in the recent years it has focused more on SME and corporate lending. The bank will use the GCPF loan for financing energy efficient lighting, air conditioning, solar photovoltaic, solar thermal heaters, efficient boilers and fuel conversion of vehicles, primarily in SMEs.

Ecuador

Banco Pichincha

Banco Pichincha

Banco Pichincha is Ecuador’s largest private bank, with a market share of over 30%. The bank has over 3 million customers through a network of over 300 branches, and offers services to corporate, consumer and mortgage, SME and microcredit clients. The bank is the head of Grupo Financiero Pichincha, the largest financial group in Ecuador. The group operates in Peru, Colombia, the United States and Spain. With GCPF funding Banco Pichincha mainly finances consumer loans for the replacement of inefficient household appliances, such as old refrigerators and washing machines.

Banco Procredit

Banco Procredit

Launched in 2001, Banco ProCredit belongs to ProCredit Holding, a German group of 22 banks that promotes access to financial services in developing countries. It is a development-oriented full service bank, focused on providing loans to SMEs and micro businesses. As of 2013, Banco ProCredit had almost 100,000 depositors and nearly 38,000 borrowers through a nationwide network of branches. With GCPF funding Banco ProCredit mainly finances SME loans, focusing on the agriculture and transport sectors.

Georgia

TBC Bank

TBC Bank

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 29.7% of loans (37.2% with Bank Republic) and 30.6% of non-banking deposits (35.5% with Bank Republic) as at 30 September 2016, according to the data published by the NBG.

Honduras

Banco Atlántida

Banco Atlántida

Banco Atlantida is a commercial bank founded in 1913. While the Bank has traditionally focused on the corporate sector, it also has the most extensive retail network throughout Honduras, with 184 branches and 650 agents. The bank is part of the Atlantida Financial Group, which offers other financial services such as insurance, pension funds, leasing, and bonded warehouses. With GCPF funding, Banco Atlantida finances small-sized hydro power-plants.

India

Ratnakar Bank Limited

Ratnakar Bank Limited

Licensed as a commercial bank in 1958, Ratnakar Bank Limited (RBL) is now one of India’s fastest growing mid-sized banks. RBL provides corporate and institutional banking, commercial banking, retail banking, agri-business and financial inclusion
services. In 2014, RBL was recognized as the best bank in the country for the priority sector (agri-business and financial inclusion) by Dun and Bradstreet, India. With GCPF funding, RBL finances drip irrigation and agricultural pump projects.

SREI Infrastructure Limited

SREI Infrastructure Limited

Srei Infrastructure Finance is a non-bank finance company (NBFC) classified as an Infrastructure Finance Company, and is the first such partner institution of GCPF. Incorporated in 1985, Srei Infrastructure Finance is among the leading private sector infrastructure finance NBFCs in India, covering all the verticals of infrastructure i. e. project financing, equipment financing, and project development and advisory services. With GCPF funding, Srei intends to finance energy efficiency and fuel conversion projects.

Kenya

Chase Bank Kenya Limited

Chase Bank Kenya Limited

Chase Bank was established in 1996 and is a large financial services provider in Kenya. Chase Bank has made an important contribution in developing the financial solutions market for small and medium-sized enterprises. With GCPF funding Chase Bank will mainly finance small scale renewable energy projects such as captive solar power plants and hydro power plants.

Mongolia

XacBank

XacBank

XacBank is one of Mongolia’s largest banks, serving individual consumers, SMEs and corporate customers by providing banking, insurance and other value added financial products and services. The Bank provides financial services through a branch network of 93 retail and 2 business service branches along with digital channels including ATMs, Internet and Mobile banking. A team of 1,700 employees serve 700,000 customers across Mongolia. With GCPF funding, XacBank primarily finances energy efficiency in the transportation, housing and heating sectors.

Namibia

Aloe Investments

Aloe Investments

Aloe Investments is a 5MW solar power plant project at Rosh Pinah (South of Namibia) developed by AEE Power Ventures with the help of GCPF funds. AEE Power Ventures is a Spanish company that develops, owns and operates solar projects across sub-Saharan Africa. The project holds one of the 27 licenses in the interim Renewable Energy Feed-In Tariff (REFIT) program, a program promoted by the Ministry of Mines and Energy of Namibia that supported the addition of 70MW renewable energy to the grid.

Nicaragua

Banco de la Producción

Banco de la Producción

Banpro is a universal commercial bank and a subsidiary of Central American Group Promerica Financial Corporation, which has subsidiary banks in Costa Rica, Caiman, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua and Panama. Banpro has 1,905 employees and a large branch network with 25 branches in Managua and 31 branches in the different departments across the country. Banpro serves its retail and corporate clients with a broad variety of services ranging from retail banking including credit card and mortgage businesses, cash management, trade finance services, currency hedging and traditional lending products, and payment services for public and institutional clients.

South Africa

Cronimet PV Plant

Cronimet PV Plant

In 2012, the Fund financed a 1 MW photovoltaic power plant in South Africa – the Fund’s first direct investment in a renewable energy production facility. The photovoltaic installation was initiated by CRONIMET Mining Power Solutions GmbH, an Independent Power Producer and member of the German CRONIMET Mining Group. The installation became operational in December 2012 and delivers electrical energy for the daily operations of the CRONIMET Chrome Thaba Mine.

Hidoplex

Hidoplex

GCPF directly finances Hidoplex, a company that provides financial and technical services (operating leases) to wireless telecommunication network operators. Its services include energy audits of base transceiver stations (BTS), the provision of energy-efficient equipment, the financing of new equipment and ongoing operational maintenance. Its business concept has been developed by GreenX Ltd.

Sri Lanka

Pan Asia Bank

Pan Asia Bank

Pan Asia Bank was established as Pan Asia Bank Limited in 1995, and is listed on the Colombo Stock Exchange. The bank offers consumer, corporate and SME banking through a nationwide network of 78 branches. Pan Asia Bank was recognised as the fastest growing commercial bank in Sri Lanka in 2014 and for providing innovative banking products by the London-based Global Banking and Finance Review. With GCPF funding, Pan Asia Bank finances loans for hybrid cars.

Tanzania

Off Grid Electric

Off Grid Electric

Operating in Tanzania and Rwanda, Off Grid Electric (OGE) is the world’s first massively scalable distributed energy company. OGE provides clean, affordable and transformative energy directly to households that have never had access to reliable electricity at a rate of 10,000 new households per month. OGE’s solar leasing model removes risk for customers, offering the latest in solar technology for less than or equal to a customer’s average energy spend. With GCPF funding, OGE mainly finances solar energy inventory which are then sold to low-income households in Tanzania.

Turkey

Şekerbank

Şekerbank

Founded in 1953, Şekerbank has a network of 312 branches. Over 60 % of the branches are located outside of Turkey’s three largest cities, in line with the banks’ community banking mission. The bank provides services to small businesses and the agriculture sector, as well as corporate, SME and retail banking services. In 2014, almost 85 % of its total credit volume comprised of loans to the production sector. With GCPF funding, Şekerbank mainly finances insulation upgrades and PV solar home systems.

Ukraine

Ukreximbank

Ukreximbank

Ukreximbank is 100 % state-owned and is a market leader in green lending in the Ukraine. The bank counts almost 80’000 corporate and 878,000 individual customers. Its mission is to facilitate the development of the Ukrainian economy and of its customers’ operations – mainly in export-oriented and import substituting sectors – with financial services and energy efficiency programmes. With GCPF funding, Ukrexim mainly finances the replacement of outdated industrial machinery and solar electricity plants.

Vietnam

VietinBank

VietinBank

VietinBank was established in 1988 after being separated from the State Bank of Vietnam. As one of the four largest state-owned commercial banks, VietinBank’s total assets account for over 20 % of the Vietnamese banking system, and by capital it is the nation’s largest bank. The bank operates a network of 150 branches and over 1,000 transaction and savings offices. With GCPF funding, VietinBank finances energy efficiency projects in the industrial sector.