Banco Pine S.A. adopts the Equator Principles
São Paulo, 07 December 2012
PINE, a wholesale bank specializing in maintaining long-term relationships with large companies and investors, hereby announces its adoption of the Equator Principles. PINE is the first and only Brazilian mid-sized bank to adopt such principles.
Fidelity Bank Plc Adopts the Equator Principles
Lagos, 01 November 2012
One of Nigeria’s leading Commercial banks, Fidelity Bank Plc, has further demonstrated its commitment to environmental sustainability by adopting the Equator Principles. The Equator Principles are a credit risk management framework for determining, assessing and managing environmental and social risk in project finance. The Principles are adopted voluntarily by financial institutions and are applied where total project capital costs exceed US$10 million. By adopting the Equator Principles, Fidelity Bank commits to providing loans only to projects where the borrower will comply with the Equator Principles.
MCB Adopts the Equator Principles
Port Louis, 15 May 2012
The Mauritius Commercial Bank Ltd. (MCB) is pleased to announce its adoption of the Equator Principles, a voluntary set of guidelines to assess and manage environmental and social risks in project finance. The Equator Principles were introduced in 2003 under the aegis of the World Bank and International Finance Corporation.