BCP first Peruvian bank to adopt Equator Principles

Lima, 22 January 2013

As part of its corporate commitment to sustainability and environmental protection, Banco de Crédito - BCP, the leading Peruvian financial institution, announces its adoption of the Equator Principles (EP). The EP are a set of principles based on the International Finance Corporation (IFC) Performance Standards that are adopted voluntarily by financial institutions in order to help them identify, assess, and manage environmental and social risks and impacts in project finance. The EP are applied to project finance transactions where total project capital costs exceed US$10 million.

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DZ Bank AG adopts the Equator Principles

Frankfurt, 01 January 2013

On 1 January 2013 DZ BANK AG recognised the Equator Principles, which provide a global standard for project finance, thus documenting that it is prepared to develop its core business in a sustainable manner. Having signed up to the Equator Principles, DZ BANK AG will in the future apply these guidelines world-wide to all new project finance transactions with a volume in excess of USD 10 million. “By deciding to sign up to the Equator Principles we clearly demonstrate to our customers and to society as a whole just what strict social and ecological criteria we comply with when financing projects. We do this for reasons of risk provisioning as well as out of responsibility for society,” said Wolfgang Kirsch, Chief Executive Officer of DZ BANK.

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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.

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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.

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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.

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Banorte adopts the Equator Principles

Mexico City, 12 March 2012

It is with great pride that Banorte "El Banco Fuerte de Mexico" - the strong bank of Mexico and the nation’s third largest, announces its adoption of the Equator Principles today, Monday March 12, 2012.  This makes Banorte the second bank in Mexico to become a signatory.

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CIBanco, first Mexican Bank to adopt the Equator Principles

Mexico City, 7 March 2012

CIBanco S.A. is the first Mexican bank to adopt the Equator Principles, and has committed to the assessment and management of social and environmental risks and impacts in its credit process. The Equator Principles is a framework for determining environmental and social risks in project finance transactions.

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Aterios Capital Adopts the Equator Principles

Lagos, 1 March 2012

Aterios Capital, a young financial services company, has formally adopted the Equator Principles. Launched in June 2003, the Equator Principles commit financial institutions to ensure that the projects they finance promote socially responsible development and reflect sound environmental management practices.

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Ecobank Applies Equator Principles to its Pan-African Project Finance Activities

Lomé, 1 January 2012

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, announces its adoption of the Equator Principles, the industry standard for financial institutions active in project finance. Ecobank will apply the principles to project finance activities in all relevant sectors and across all of the 30 countries in Middle Africa in which it operates. 

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Banco Sabadell Adopts Equator Principles

Barcelona, 28 September 2011

Banco Sabadell has adopted the Equator Principles and will apply them to all financing structured under the Project Finance modality for new projects on a worldwide level with capital costs exceeding ten million dollars and in all industry sectors. Banco Sabadell is Spain’s sixth largest banking group, which is comprised of different banks, brands, subsidiaries and part-owned companies covering all areas of the financial business sector under a common denominator: professional performance and quality.

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