CABEI and Banco Industrial renew credit line for US$50.0 million

Ciudad de Guatemala, March 28, 2019.- The Central American Bank for Economic Integration (CABEI) and Banco Industrial de Guatemala (BI) renewed a Global Credit Line (GCL) for an amount of US$50.0 million.

The credit line will strengthen business capacities mainly in foreign trade and intraregional operations, derived from its nature of corporate banking, as well as contribute to the growth of the country's economy and employment.

It should be noted that CABEI's relationship with BI began in March 1971, when CABEI agreed to expand its relations with a reduced number of 13 Central American financial institutions in order to provide resources for financing projects through the instrument denominated, "Financing Program for the Promotion of Non-Traditional Products and Tourism Exports." BI was one of the chosen institutions, thus initiating the relationship between both organizations.

With the signing of the agreement, CABEI reaffirms its commitment to continue to promote and finance the country's foreign trade through the creation of financial programs and products aimed at addressing priority areas for national development, such as initiatives that promote the inclusion of small and medium enterprises in production chains.