PANAMA CITY, May 24, 2016 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"; NYSE: BLX) announced today the successful closing of a US$59 million 3-year senior unsecured syndicated Loan Facility for Banco Aliado, S.A. ("Banco Aliado").
Established in Panama in 1992, Banco Aliado is the fourth-largest Panamanian-owned bank in terms of consolidated assets and net loan portfolio. The bank is 100% owned by Grupo Aliado S.A., a financial group comprised of renowned Panamanian entrepreneurs with extensive experience in local and foreign trade.
Bladex was the Sole Lead Arranger and Bookrunner, and Administrative Agent for the Facility. The deal constitutes the second international syndicated facility arranged by Bladex in the last two years for Banco Aliado.
The transaction attracted financial institutions from China, Curacao, Panama, Switzerland, Trinidad and Tobago, and the United States of America, of which some represent new relationships for Banco Aliado. The amount of the facility was upsized to US$59 million, from its original target of US$50 million. Proceeds from the facility will be used to support the growth of Banco Aliado´s loan portfolio.
The success of this transaction underscores Bladex´s continued growth 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), and 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.