Panama became a non-founding regional CABEI member in 2007. At the close of 2020, it had a shareholding of 4.84% and US$ 64.00 million in capital contributions.
Its subscribed capital is US$ 358.40 million. Between 2016-2020, Bank approvals to the country reached the US$ 1.8 billion, while disbursements for that same period totaled US$ 1.7 billion. Specifically in 2020, CABEI channeled approvals amounting to US$ 400.0 million and disbursements totaling US$ 738.0 million to meet the population’s needs stemming from the COVID-19 emergency and to support economic recovery.
CABEI approves credit facility to Global Bank Corporation for US$100 million dollars
El crédito permitirá canalizar recursos a diversos sectores, principalmente a la población panameña que busca obtener su vivienda, las Micro, Pequeña y Mediana Empresa y Sectores Productivos.
Panamá, December 4 2018. The Central American Bank for Economic Integration (CABEI) approved a credit facility for US$100.0 million in favor of Global Bank Corporation.
With this loan, which falls under the framework of the CABEI Institutional Strategy, "Integrating Sustainable Development and Competitiveness," the multilateral development organization seeks to contribute through financial intermediation to the generation of employment, economic growth and the promotion of commercial and social activity.
In addition, the resources would support the growth of Global Bank Corporation's operations through the channeling of resources by means of the programs included in the Global Credit Line; it is estimated that 5010 entities and 475 individuals will benefit.
Said agreement was formalized between the CABEI Executive President, Dr. Nick Rischbieth, and Global Bank Corporation's Executive Vice President of Corporate Credit, Mr. Otto Wolfschoon.
Through this Line of Financing, CABEI confirms its commitment to the region and the achievement of its strategic axes of Social Development, Regional Integration and Competitiveness with a cross-cutting axis of Environmental Sustainability.
Related News
