A. M. 
The vision of the financial institution is to facilitate the conditions for more companies to invest mainly in energy efficiency, renewable energies, water treatment and waste management to help slow the advance of global warming to ensure the sustainability of the planet and therefore the productivity of companies operating in the country.
To this end, it is launching its CUSCATLAN Sostenible credit line, through which the bank will provide a maximum of 90% financing, up to a 24-month grace period and terms of up to 15 years; conditions that will apply according to the type of investment to be made and the results of the evaluation contemplated in the bank’s policies.
“In Banco CUSCATLAN we believe in those who believe in El Salvador, in those who believe in innovating and creating economic and social development for our country. Therefore, as part of our commitment to sustainability, we are enabling this line of credit to encourage those entrepreneurs who have not yet begun their energy transition, so they can have facilities to invest in changing equipment, production processes, make them more efficient in order to save costs for their operation and reduce their greenhouse gas emissions for the benefit of all”, said José Eduardo Luna, Executive Director of Banco CUSCATLAN during the launch of the line.
CUSCATLAN Sostenible will serve corporate clients requiring between US$50,000 and US$1 million in financing for such purposes as: replacement of lighting fixtures, air conditioners and their accessories, obsolete equipment such as engines and boilers, renewable energy generation for self-consumption, vehicle fleet acquisition, investment in water treatment and waste management, cleaner production, as well as remodeling and adapting facilities to mitigate environmental risks.
“We have granted more than US$25 million in large-scale green loans, especially for investments in renewable energy and energy efficiency. We believe there is great potential to provide financing to visionary entrepreneurs, especially small and medium-size companies, so that they can transform their operations and become more efficient and sustainable”, said Oscar Santamaría, Banco CUSCATLAN’s director of corporate banking.
The special conditions of CUSCATLAN Sostenible were defined to give companies the capacity to carry out the necessary investments for their projects without neglecting their productive focus. These conditions were the result of an analysis carried out with the support of multilaterals, trade associations and clients with experience in sustainable investment.
“In parallel to the launching of CUSCATLAN Sostenible, we have initiated a series of trainings to clients on the trends in social and environmental investment, the technologies available in the market, their impact, and how this type of investments are a good long-term business to promote more efficient and profitable companies for our clients, communities with better conditions in their quality of life and that our country can generate more employment opportunities for the development of our country”, said Ximena Robin, Corporate Relations and Sustainability Manager of Banco CUSCATLAN.
Companies interested in applying to CUSCATLAN Sostenible can consult their relationship executive by calling 2212-2000 or consulting our web page www.bancocuscatlan.com.
