December 9, 2020
IDB Invest, the private sector division of the Inter-American Development Bank (IDB), said it has granted a TTD250 million ($36.8 million) loan for Home Mortgage Bank (HMB) to expand the secondary mortgage market in Trinidad and Tobago.
RBC Caribbean, the regional branch of Canadian lender RBC, also participated in the five-year loan, IDB Invest said in a press release on Tuesday.
The deal is designed to support loans for middle- and lower middle-income homebuyers and contribute to the growth of
US-based multilateral lender provides $250 mln for local bank HMB to maintain a secondary mortgage market