CABEI and BICSA to promote actions in favor of regional integration and development

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The agreement signed between the two institutions is expected to identify and promote projects aimed at improving the quality of life of families in the region.


Panamá April 22- The Central American Bank for Economic Integration (CABEI) and the Banco Internacional de Costa Rica, S.A. (BICSA), signed a Memorandum of Understanding this morning to establish the basis for providing financing for projects with the potential to promote integration and sustainable development in the region.

CABEI's Executive President, Dr. Dante Mossi, and the President of BICSA's Board of Directors, Mr. Olivier Castro, signed the agreement, confirming the exchange of experiences to identify, formulate and implement strategic projects that ensure adequate economic and social returns.

"We are very pleased with this new alliance; it will undoubtedly bring great learning and results and will allow us to provide financial services in Panama and the region.

As the bank of Central Americans, we will continue to establish synergies that lead to regional impact projects, providing more and better opportunities for the people," said CABEI Executive President, Dr. Dante Mossi.

"For BICSA, social and economic growth will always be a priority, not only for our customers, but also for the entire region. We will be more than willing to support and work in any effort that fulfills both purposes. Today, this agreement between CABEI and BICSA will bring new joint business opportunities, applying the synergies that have characterized this relationship.

Working together with CABEI will undoubtedly benefit the optimal execution of projects," said BICSA's Board of Directors President, Mr. Olivier Castro.

CABEI, through its financial ally BICSA, has provided credit resources to the business sector and MSMEs in Panama since 2009, benefiting more than 43,000 companies and individuals.

This initiative is aligned with CABEI's 2020-2024 Institutional Strategy, in the Economic Development and Social Inclusion axis, which seeks to generate social capacities that lead to improved well-being and quality of life in the Central American region.