$100 Million for TACA

©image: Alex Steffler

Francisco Núñez, director of Corporate Banking at Citi El Salvador, remarked that TACA’s future credit card sales will serve as collateral for the loan.

“He added that with the facility, TACA will work with unified credit conditions, more in line with their capital needs and with lower administrative fees”, reported Laprensagrafica.com.

Source: laprensagrafica.com

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$257 Million for Panamanian Banks

November 2009

The Financial Stimulus Program approved a $257 million disbursement to stimulate credit.

The resources are part of a total $600 million available to the Financial Stimulus Program.

"Darío Berbey, general manager of the National Bank of Panama, explained that the beneficiaries will be private banks of national and foreign capital.

Panama: 17% Increase in New Loans

October 2011

At the close of July, $11 billion worth of new loans were granted, 17% higher than in the same period last year.

Among the different sectors of the economy, mining, livestock and fisheries were those receiving the most new loans.

"The biggest increase registered, in terms of percentages, was in mining and quarrying, where $15.2 million in new loans was granted, up from $12.3 million compared to figures from the same period in 2010.

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November 2011

The Costa Rican banking sector is not predicting strong growth in credit placement for next year.

According to Jimmy Hernandez, manager of Cathay Bank, it will be a year of "great caution" for the industry, not exceeding 10% growth in credit placement.

When meeting with the press the executive said that "...2012 will not be the same as 2011 and that growth in credit placement could reach a maximum of 10%, i.e.

El Salvador: $400 million for loans to productive sector

December 2008

The main condition from the IDB is that the BCR use the funds to create a short-term credit portfolio in the financial system for working capital and international trade.

The Central Bank indicated that the reserves will be available at participating financial institutions, who have responded positively to channeling the resources to production activities, including small businesses.