$25 million for Global Bank Panama

The IDB announced a loan of 25 million to provide liquidity for Global Bank Panama.

Tuesday, December 16, 2008

"The transaction will help Global Bank to diversify its sources of financing," as well as its liquidity in times of financial volatility, said the IDB in a release.

The loan will support mortgage loans to bank's clients with few resources, as well as its program for small and medium sized companies, the document explained.

More on this topic

$10.5 million for Costa Rican SMEs

October 2011

The BCIE has granted a credit line to Cathay Bank to support MSME’s, as well as international trade and housing in Costa Rica.

A press release by the Central American Bank for Economic Integration (BCIE) reads:

The Central American Bank for Economic Integration (BCIE) has granted a loan to Banco Cathay allowing it to expand its global credit line to $10.5 million in order to support Micro, Small and Medium Enterprises (MSMEs) as well as international trade and housing Costa Rica.

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.

IDB to help Nicaragua restore credit flow to the productive sector

October 2009

A $20 million credit line will channel funds to the financial system for onlending to micro-, small-, and mid-sized productive enterprises

The Inter-American Development Bank approved a $20 million credit line to help the continuity of the flow of credit to Nicaraguan enterprises that have been affected by the international financial crisis.

Credit access project for Panamanian Micro, Small and Medium sized businesses

November 2008

The project seeks to establish mechanisms to collect credit information and evaluations in order to facilitate access to financing for small and medium businesses.

The project, which will be development over 40 months, includes an investment of $1.7 million dollars, of which 69% will be provided by the IDB's Multilateral Investment Fund; the remaining 31% will be provided by the Panama Credit Association (APC).

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