December 7, 2022 |
The Central American Bank for Economic Integration (CABEI) said it added $75 million to a credit line for Panama's Global Bank Corporation to provide financing to micro-, small and medium-sized enterprises (MSMEs), bringing the total to $175 million.
CABEI approved a $100 million credit facility for Global Bank in December 2018, backing loans for housing, MSMEs and agricultural sectors in Panama.
Global Bank is Panama's third largest lender with a market share of 8.1% and the fourth largest bank
Central American development bank grants another $75 mln for the Panamanian lender to fund loans to MSMEs