July 9, 2021
IDB Invest, an affiliate of the Inter-American Development Bank (IDB), said it granted a $52 million loan for Capital Bank to provide financing to small and medium-sized enterprises (SMEs) in Panama.
Capital Bank will use the money to supply funding for working capital, capital investments and fixed assets for SMEs "that have been highly affected by the health and economic crisis triggered by the global pandemic," IDB Invest said in a press release this week.
The financing involves a 10-year loa
IDB's private sector affiliate provides $52 mln for Capital Bank to fund working capital, capital investments and fixed assets