Articles Comments

Finance GreenWatch » 1. BANK, 6CSR » Banco Popular Joins the Equator Principles (EPA)

Banco Popular Joins the Equator Principles (EPA)

banco-popularBanco Popular has joined the Equator Principles, a voluntary set of guidelines for the inclusion of social and environmental criteria in the risk management process of Project Finance transactions of more than 10 million US dollars. These principles have been promoted by various entities from the financial sector in coordination with the International Finance Corporation’s (IFC) Performance Standards on Environmental and Social Sustainability.

Banco Popular has adopted these guidelines in order to provide greater completeness to the risk assessment process in these financial transactions of larger amount. The Bank chaired by Angel Ron also has in mind that these guidelines ensure strong financial management practices by identifying, assessing and managing social and environmental criteria in financial transactions.

In compliance with Equator Principles guidelines, Banco Popular is committed to report annually on their implementation and monitoring processes of the principles in its Annual and Corporate Responsibility Report, as well as in its corporate website.

This initiative is part of the Corporate Responsibility Policy of Banco Popular, whose corporate culture is committed to a unique business model which combines business success with a respectful performance regarding social and environment standards.

About Banco Popular

Banco Popular is the fifth largest banking group in Spain in terms of assets (€160 billion) and client deposits. Banco Popular is one of the most purely retail and commercial banking franchises in Europe.

For this activity, Banco Popular has 2,208 branches in Spain and nearly 200 abroad, as well as 16,377 highly qualified and motivated employees. We also operate two wholly-owned financial institutions abroad, Banco Popular Portugal and Totalbank in Florida, as well as other banks and financial services entities.

Our distinctive and differentiated business model has proven to be the most appropriate in the current economic scenario as it highlights the fact that Banco Popular continues to gain market share year after year (>6% market share in loans and deposits), gaining the trust of more than 7,7 million customers and creating value for our shareholders.

http://www.equator-principles.com/index.php/all-adoption/adoption-news-by-year/92-adoption-news-2013/341

 

Press Release in Spanish:

http://www.grupobancopopular.com/ES/SalaPrensa/NotasPrensa/Paginas/AdhesionPrincipiosEcuador.aspx

Filed under: 1. BANK, 6CSR