PANAMA CITY, May 26, 2016 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"; NYSE: BLX) announced today the successful closing of a US$40 million 3-year senior unsecured Trade Facility for MetroBank, S.A. ("MetroBank").
Established in Panama in 1991, MetroBank is the eighth largest Panamanian-owned bank in terms of consolidated assets and net loan portfolio. The bank is 100% owned by Metro Holding Enterprises, a financial group of Panamanian entrepreneurs with extensive experience in diverse industries.
Bladex was the Sole Lead Arranger and Bookrunner, and Administrative Agent for the Facility. The transaction, which constitutes the first international syndicated facility for MetroBank, attracted several financial institutions from Curacao, Guatemala, Panama and Trinidad and Tobago, of which all represent new sources of funding for MetroBank. Proceeds from the facility will be used to support the growth of MetroBank's trade-related operations.
The success of this transaction underscores Bladex's growing presence in the Latin American syndicated loan space, and its access to a wide network of regional and international financial institutions.
Bladex is a multinational bank originally established by the central banks of Latin-American and Caribbean countries, to promote foreign trade finance and economic integration in the Region. Bladex is listed on the NYSE in the United States of America (ticker symbol: BLX).
Bladex's shareholders include central banks, state-owned banks and entities representing 23 Latin American countries, as well as commercial banks and financial institutions, institutional and retail investors through its public listing.
The Bank, headquartered in Panama, has offices in Argentina, Brazil, Colombia, Mexico, Peru, and the United States of America, to support the expansion and servicing of its client base, which includes financial institutions and corporations.
For further information, please access Bladex's website at www.bladex.com or contact:
Mr. Christopher Schech, Chief Financial Officer
E-mail address: email@example.com, Tel.: (+507) 210-8630
Head Office Address: Torre V, Business Park, Avenida La Rotonda, Urb. Costa del Este, Panama, Republic of Panama
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)