$20 Million for Small and Medium Sized Panamanian Enterprises

The Inter-American Investment Corporation (IIC) has authorized a credit line to BBVA Panamá with the aim of giving SMEs access to finance.

Wednesday, August 4, 2010

The credit line seeks to make funds available to small and medium sized Panamanian companies, to help cover their operating costs and includes finance for working capital and revolving credit lines. This is the IIC’s second operation with BBVA Panamá.

"This operation seeks to provide support for Panamanian SMEs by giving them greater and improved access to appropriate sources of credit," comments Zoila Pun, IIC official in charge of the project.

More on this topic

Colombia's Grupo Aval Buys BBVA Panama

July 2013

The $490 million transaction will be closed after being approved by the respective authorities, with a probable distribution of extraordinary dividends of $140 million.

Grupo Aval Acciones y Valores S.A., through its subsidiary Banco de Bogotá, has agreed to acquire 100% of Banco Bilbao Vizcaya Argentaria de Panama.

Multibank Gets $ 6 million Loan

November 2010

The IIC financing will create effective mechanisms to channel credits to SMEs in Panama.

The Inter-American Investment Corporation (IIC) approved a loan of up to $ 6 million to Multibank, Inc. for the financing of SMEs in Panama by leasing and factoring, working capital and housing for Panamanian citizens.

IDB, BBVA Panama sign $15 million to boost lending for small business

March 2010

BBVAP and IDB signed documents for a $15 million loan to provide BBVAP with long-term funding to support its lending to small and medium-sized enterprises.

The IDB loan will allow BBVAP to significantly expand its lending to SMEs, a strategic sector for economic growth and job creation in Panama.

IDB loan to help BBVA Panama boost lending for small businesses

November 2009

The Inter-American Development Bank approved a $15 million loan to provide Banco Bilbao Vizcaya Argentaria (Panama), S.A. (BBVAP) with long-term funding to support its lending to small and medium-sized enterprises.

Additionally, the IDB helped catalyze a parallel US$25 million loan from the German development lender Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) to BBVAP, a unit of the Spanish Grupo BBVA.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 11/m2

Prime Lake Front Real Estate near San Jose, CR Now Available for Development, an extraordinary commercial real estate opportunity.
A lush 32 acre/13 hectare plot located just West of the...

Stock Indexes

(Aug 18)
Dow Jones
-0.35%
S&P 500
-0.18%
Nasdaq
-0.09%

Commodities

(Aug 18)
Brent Crude Oil
52.410
Coffee "C"
131.70
Gold
1,285
Silver
16.95