Bantrab of Guatemala will increase its international funding base

The Master Guarantee Agreement will allow the Workers' Bank to receive $10.61 million in funds.

Tuesday, November 4, 2008

The agreement was signed by the Central American Bank for Economic Integration (BCIE) and the Workers' Bank (Bantrab) and guaranteed by the Export-Import Bank of the United States (US Ex–Im).

According to a press release by the BCIE, with this agreement Bantrab will expand its international funding base for commercial operation abroad, and by this way facilitating access to liquidity and guarantees for the Guatemalan import sector. This in turn will finance import operation for goods and services from the US to the country and improve its production capacity.

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Guatemalan Bantrab Acquires Credit Line for $27 million

September 2011

The Banco de los Trabajadores (Workers Bank) has signed for a credit line worth $27.5 million with the Central American Economic Integration Bank

The funds will be earmarked for financing small and medium enterprises and housing loans.

The loan was signed by Ronald Garcia, general director of Grupo Financiero Bantrab, and Florentino Fernandez, country manager of BCIE.

$ 209 Million for Cerro de Hula Wind Project

November 2010

The BCIE and the EX-IM Bank signed a loan in favor of Energía Eólica de Honduras.

The resources will be invested in the Cerro de Hula Wind Project, which will generate 102 MW and is located in the Department of Francisco Morazan, Honduras.

The project developer will be EEHSA, a subsidiary of Mesoamerica, SA (ERM).

Bantrab Opens Loans for Individuals and MSMEs

May 2009

Worker’s Bank (Bantrab) of Guatemala has $61 million to place as personal loans and loans for MSMEs.

The funds for reviving the economy and meeting the financing demand from its customers come from a $30 million line of credit from the Central American Bank for Economic Integration (BCIE) and local funding, explained Bantrab CEO, Ronald García to

Productos del Aire de Guatemala improves its installations

September 2008

Productos de Air de Guatemala, the biggest producer of gas for medical and industrial use in Central America, has acquired an industrial plant and equipment to improve its installations.

Ex-Im Bank approved a loan guarantee for US$9.9 million to Chart Inc and Cosmodyne LLC in order to facilitate the export to "Productos del Aire" de Guatemala.

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