The funds will be earmarked for financing small and medium enterprises and housing loans.
The loan was signed by Ronald Garcia, general director of Grupo Financiero Bantrab, and Florentino Fernandez, country manager of BCIE.
"The first disbursement of $25 million will be received this week and the rest in October", explained Elperiodico.com.gt
Source: elperiodico.com.gt
More on this topic
September 2010
Four banks compete with a wide range of small credits under $20 thousand Dollars.
Industrial Bank (BI), Rural Development (Banrural), G & T Continental and Bantrab offer term, conditions and personalized service in order to fill this market niche.
Sigloxxi.com writes "The president of the Central American Microfinance Network (Redcamif), Reynold Walter, said that loans of this type represent 70% in rural areas, while in metropolitan areas account for 30%. Out of the total, two-thirds are managed by women. "
October 2008
The Workers Bank (Bantrab) bought 99.97% of shares in the Bank of the Republic for $21 million.
The purchase has to be reviewed by the Monetary Board which can deny or postpone the acquisition and merger.
With this purchase, the Bantrab will adds assets worth $125.24 million, deposits at $95 million and a credit portfolio of $86 million. As of September 30, the Bantrab had assets worth $451 million and $334 in deposits.
October 2011
The amount in loans made in the first nine months of the year, $2,900 million, reflects greater economic dynamism in the country.
According to the Superintendency of Banks (SIB), these types of loans currently represent 26% of the entire banking portfolio.
The corporate manager of strategic planning at the Workers Bank, Mauricio Alvarez, said that consumer credit is one of the most attractive for banks.
May 2012
The Development Bank of El Salvador has received about 700 investment prospects recently and is preparing to grant loans starting from this May.
"We have received more than 700 potential prospects, some of which some are already in advanced stages," said Oscar Lindo, chairman of the Development Bank of El Salvador (BANDESAL) to Laprensagrafica.com.
español
1895
