Ex-Im Bank Offers Panama FinancingWednesday, May 23, 2012 The Export Import Bank of the U.S. is interested in companies or infrastructure projects in key sectors. "We are interested in financing infrastructure projects in the logistics sector, ports, energy and roads, which are key to the commercial movement in this country", said the executive Sean Mulvaney, a member of the board of the U.S. government agency, who recently visited the canal country. Productos del Aire de Guatemala improves its installationsMonday, September 29, 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. Bantrab of Guatemala will increase its international funding baseTuesday, November 4, 2008 The Master Guarantee Agreement will allow the Workers' Bank to receive $10.61 million in funds. 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). Honduras: Wind Project to Deliver a Guarantee of $4.5 MillionWednesday, April 29, 2009 Mesoamérica Energy will deliver a guarantee of compliance to the government for the development of the Cerro Ula wind farm project. The guarantee would support the implementation of the first phase, which contemplates the generation of 60 MW of energy. José Morán, manager of Mesoamérica Honduras, said, "This shows that we are working and that we are going at a good speed according to what the contract with the National Electric Power Company calls for." Ex-Im Bank Finances Expansion of Cerro de Hula Wind FarmThursday, March 14, 2013 The $28.6 million loan granted to Energía Eólica de Honduras S.A. will increase the generating capacity of Cerro de Hula to 126 MW. The terms of the loan include the assembly of new wind turbines being the responsibility of 200 North American workers from the state of Pennsylvania. New Wind Power Plant in Costa RicaMonday, January 6, 2014 By the end of 2014 the Spanish company Gamesa expects to complete the construction of a 50 MW wind farm in the province of Guanacaste. From a press release by Gamesa: $ 209 Million for Cerro de Hula Wind ProjectFriday, November 19, 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. Balboa Bank Buys Banco TransatlánticoFriday, June 29, 2012 The agreement, subject to approval by the Superintendency of Banks in Panama, will allow Balboa Bank to buy a 100% stake in Banco Transatlántico. Once approved by the regulator, the Panamanian group Balboa Bank & Trust 's assets will exceed $300 million. Capital Bank Acquires Bancolat from Virgin IslandsFriday, October 9, 2009 Capital Bank, a Panamanian banking entity, requested authorization to purchase 100% of Bancolat's shares. Bancolat Overseas is property of MTS Holdings Corporation, an entity located in the British Virgin Islands. For its part, MTS Holdings is fully owned by HSBC Bank in Panama. New Banks in PanamaMonday, February 28, 2011 In 2010, nine new banks entered the banking sector in Panama. Of these, four are local private banks, three have international license and two are foreign banking entities. New Bank Opens in PanamaFriday, May 28, 2010 Balboa Bank & Trust will open on May 31; it was recently authorized to operate by the Banking Superintendence. The institution was born after Strategic Investors Group Inc. completed the purchase of 100% of the shares of Stanford Bank (Panama) S.A. US Trade Mission touring regionTuesday, October 28, 2008 A trade mission from the Southern United States Trade Association (SUSTA) began a regional tour yesterday in Panama and will also visit Costa Rica, El Salvador and Guatemala. Representatives from 31 American companies interested in the regional market will meet with potential local partners in order establish commercial relations during the two-day stay in Panama. They will be in the region until the 4 of November. Prival Banks Starts Operating in PanamaTuesday, April 6, 2010 With $25 million in capital, Panamanian owned Prival Bank started operating in the country. The new institution intends to engage in private and mercantile banking, both in Panama as in Central America, explained Juan Carlos Fábrega, head of the board. Coldwell Banker opens offices in GuatemalaTuesday, January 27, 2009 Coldwell Banker real estate company inaugurated two offices in the Pradera Zone and in Europlaza. Elperiodico.com.gt reports: "The office is looking to attract two types of buyers: American investors, retirees who seek to set up in the country and middle-upper class Guatemalans who wish to return. Regulating Entity Takes Control of Stanford Bank PanamaWednesday, February 18, 2009 The Banks Superintendent reported in a broadcasted message that it will effectively take financial and administrative control of the Stanford Bank Panama. DialogoCiudadano.com reports in its website: "The SEC accused Allen Stanford and two executives of the Stanford Financial Group of fraudulently selling $8 billion in certificates in a plan that involved operations from Texas to Antigua." |
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