Taiwan Offers Credit to Nicaraguan ImportersFriday, August 30, 2013 Nicaraguan importers could receive funding for up to 85% of the value of their purchase of products from Taiwan. The information was released by Enrique Zamora, corporate director of BanCentro Lafise, the entity selected by the Embassy of the Asian nation in Nicaragua to manage a revolving credit facility with the Export-Import Bank, Eximbank. FDI down in Central America and CaribbeanFriday, September 18, 2009 The manufacturing sector as a whole saw a decline in FDI due to a sharp drop in flows to Central America and the Caribbean. In Central America and the Caribbean (other than financial centres), the decline in FDI inflows was largely due to a 20% fall in flows to Mexico, which mainly resulted from a halving of inflows to the manufacturing sector (CNIE, 2009). Korean Companies Interested in Central AmericaTuesday, June 29, 2010 Representatives from South Korean companies are touring Panama, evaluating different regional investment options. Several high profiles companies are represented in the trade mission: Samsung Electronics, Hyundai Motors Company, LS-Nikko Copper, Korean Air, Hanjin Shipping, Korea Federation of Textile Industries and the Export-Import Bank of Korea, among others. The Race to the FutureWednesday, August 19, 2009 ¿Which are the most attractive countries for Foreign Direct Investment? In Central America and the Caribbean, Puerto Rico is ahead, followed by Costa Rica and Dominican Republic. fDi Magazine presented the results of their first fDi Countries of the Future 2009/10 Award. The Smell of Blood in the Financial MarketsTuesday, July 19, 2011 Financial markets are in turmoil. Shares of banks are going down. European bonds are paying out record rates. Big corporations are announcing layoffs. Costa Rica Long-Term Ratings Lowered To 'BB-'Friday, February 26, 2016 Noting the political system's inability to agree on fiscal issues, Standard & Poor's has downgraded, from BB to BB-, the rating for the country's long-term debt, giving it a negative outlook. Costa Rica Long-Term Ratings Lowered To 'BB-' On Continued Fiscal Deterioration; Outlook Is Negative Capital for China trade - Latin America and the CaribbeanFriday, November 30, 2012 The Inter-American Development Bank will provide $153 million to a new capital investment platform for Latin America and the Caribbean, in partnership with the Export-Import Bank of China. A statement from the Inter-American Development Bank (IDB) reads: Business Future of the AmericasWednesday, May 29, 2013 On the 10th and 11th of June the event which will bring together members of the 23 American Chambers of Commerces in Latin America, entrepreneurs and renowned speakers will be held in Guatemala. The focus of the activity will be "intrarregional trade": promoting and strengthening trade between Latin America and the Caribbean, and the United States. With the signing of sub-regional free trade agreements, the opportunities are great and unlimited. Company Profile
Real Estate Investment Banking in Central America BAC Credomatic Buys Guatemalan BankThursday, June 27, 2013 The bank, owned by Colombia's Grupo Aval has bought Grupo Financiero, which includes Banco Reformador in Guatemala and Transcom Bank Limited of Barbados. The only thing now pending is approval of this transaction by the financial market's supervisory authorities in the country. According to the general manager of BAC San José in Costa Rica, Gerardo Corrales, the intention of this purchase is to strengthen corporate banking in the Guatemalan market.. Financial Group Issues Debt for $200 MillionThursday, November 15, 2018 On November 14th, Banpro Grupo Promerica issued $200 million in bonds on the international market for a six-year term under the 144A format. The bank announced that the issuance was made by Promerica Financial Corporation (PFC), its main shareholder, and that the issue was structured by Bank of America Merrill Lynch and Credit Suisse. Citibank with Regional FocusMonday, March 9, 2009 The region which produces 13% of the bank's Latin American utilities is seen by the bank as an economic block. The Guatemalan newspaper Siglo XXI interviewed the CEO of Citi Guatemala, Juan Miró, who reported that they are currently working on optimizing the IT platform in order to better serve the Central American market. Bancolombia Purchases HSBC PanamaTuesday, February 19, 2013 HSBC Latin America Holdings Limited, a wholly owned subsidiary of HSBC Holdings plc, has entered into an agreement to sell HSBC Bank (Panama) SA to Bancolombia SA for a total consideration of US$2.1bn in cash. HSBC Latin America Holdings (UK) Limited, a wholly owned subsidiary of HSBC Holdings plc (“HSBC”), has entered into an agreement to sell HSBC Bank (Panama) SA to Bancolombia SA (“Bancolombia”) for a total consideration of US$2.1bn in cash, based upon estimated net asset value at completion of US$700m. The transaction is subject to regulatory approvals and other conditions and is expected to complete by the third quarter of 2013. How to Reach Centennials?Thursday, December 17, 2020 Because more than half of consumers born between 1996 and 2012, known as "Generation Z" or "Centennials", are immune to traditional advertising and television, brands and companies should focus on communicating with this group through digital channels, such as social networks and influencers. Positioning a brand, product or service is currently a challenge for advertising agencies and companies, as they must overcome the challenge of communicating effectively with younger consumers. $6.84 Billion From Colombian Banks in Central AmericaMonday, October 7, 2013 Since 2007 Colombian bankers have made progress in the region, led by Bancolombia with $3,216 million and Grupo Aval with $2.821 million. For example, in Panama they have operations with "... large international banks because it is considered a tax haven, where it is possible to make investments and transactions swiftly and without a lot of questions being asked by local controlling entities," noted an article in portafolio.co. |
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