CABEI committed to region’s economic and social progress

16/02/2016

The Central American Bank for Economic Integration (CABEI) initiated its 2016 activities, having successfully concluded the first year of implementing its 2015-2019 Institutional Strategy, “Integrating Sustainable Development and Competitiveness.”

In 2015, the Bank approved loans for US$1.86 billion and disbursed US$1.50 billion to the public and private sectors of the Central American region. 85% of CABEI’s approvals and 62% of its disbursements were directed towards public sector operations, and were focused on initiatives that significantly impact the development of its beneficiary countries. The aforementioned channeling of resources, allowed CABEI’s loan portfolio to surpass US$6.0 billion, highlighting its commitment towards the region.

Also, considering that in order to increase the development of its shareholders CABEI has to enhance its lending capacity through the strengthening its capital position, on February 12, 2015 its Board of Governors approved amendments to the Constitutive Agreement with the purpose of establishing a governance structure that reflects the Bank’s alignment with the Central American Integration System (SICA), consolidate its preferred creditor status and shareholder support, further strengthen its capital base and propitiate greater diversification in its loan portfolio.

In addition, CABEI’s 2015 financial results were solid and positive, strengthening its capital position through its member countries’ capital contributions and its net income generation, which reached a record figure of approximately US$160 million.

Likewise, the Bank reaffirmed its position as one of the best credits in Latin America by maintaining its high investment grade ratings (AA- with Japan Credit Rating agency, A1 with Moody´s, and A with Standard & Poor’s and Fitch Ratings), which allowed it to execute ten bond issuances for an aggregate amount of US$950.2 million in the international capital markets; tapping markets such as Japan, Republic of China (Taiwan), Switzerland, Mexico, Peru and Costa Rica.

CABEI promotes the region’s development and continues to provide more than half of all financial resources channeled towards the region; positioning itself as the strategic ally of it member countries by providing financial solutions that contribute to generating employment and improving the wellbeing and quality of life of all Central Americans.

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