IDB Beyondbanking Awards recognize outstanding contributions from financial intermediaries and their sustainable banking services in Latin America and the Caribbean.
The IDB received more than 145 nominations for beyondBanking awards this year. Applications were reviewed by a committee of experts who evaluated nominations based on their innovative features and social, environmental and/or corporate governance benefits, among other criteria. The committee selected three finalists in each category. The winners were decided by an online voting process open to the public, in which more than 17,000 votes were received from across the region.
On March 15, the winners were announced. Among them there are institutions from Bolivia, Brazil, Guatemala, Mexico and Paraguay. Sitawi was recognized as the best initiative in the socially responsible investment category in Latin America.