Banco Latinoamericano de Comercio Exterior

PROCOMER shares best practices to bring investment outside the Greater Metropolitan Area (GAM).

Retrieved on:

Wednesday, November 8, 2023

As the official agency that promotes investment in Costa Rica, PROCOMER participates in the IPA network represented by Laura López, General Manager; and Mónica Umaña, Investment Manager of the Institution.

Key Points:

As the official agency that promotes investment in Costa Rica, PROCOMER participates in the IPA network represented by Laura López, General Manager; and Mónica Umaña, Investment Manager of the Institution.
"PROCOMER is doing an extraordinary job in attracting and diversifying new sources of investment that are now also touching communities outside GAM.
To leverage the expertise of OECD to collect, build, and use knowledge and analysis on investment promotion and related topics.
To engage with the wider community of policy makers and IPAs, including those from regions and countries outside of OECD.

PROCOMER shares best practices to bring investment outside the Greater Metropolitan Area (GAM).

Retrieved on:

Wednesday, November 8, 2023

As the official agency that promotes investment in Costa Rica, PROCOMER participates in the IPA network represented by Laura López, General Manager; and Mónica Umaña, Investment Manager of the Institution.

Key Points:

As the official agency that promotes investment in Costa Rica, PROCOMER participates in the IPA network represented by Laura López, General Manager; and Mónica Umaña, Investment Manager of the Institution.
"PROCOMER is doing an extraordinary job in attracting and diversifying new sources of investment that are now also touching communities outside GAM.
To leverage the expertise of OECD to collect, build, and use knowledge and analysis on investment promotion and related topics.
To engage with the wider community of policy makers and IPAs, including those from regions and countries outside of OECD.

PROCOMER promotes the Costa Rican aerospace industry at the most important international trade fair of the sector.

Retrieved on:

Friday, October 27, 2023

Lisk, CRAC, Aircraft, Federal Aviation Administration, Banco Latinoamericano de Comercio Exterior, Export Development Canada, Maintenance, Multimedia, Electronics, Joby Aviation, Costa Ricans, NBAA, FAA, SAN, Airline

The Costa Rican delegation, led by PROCOMER, is composed of the companies Avionyx, Aerocalidad, Camtronics, Olympic Precision Machining, BOF Construction Advisor, GJ Cargo, Grupo Mitah Escazú PREINSA, TicoElectronics (both part of G.W.

Key Points:

The Costa Rican delegation, led by PROCOMER, is composed of the companies Avionyx, Aerocalidad, Camtronics, Olympic Precision Machining, BOF Construction Advisor, GJ Cargo, Grupo Mitah Escazú PREINSA, TicoElectronics (both part of G.W.
Lisk), which offer machining services, specialized software, electrical, electronics, logistics, real estate, as well as maintenance and repair of aerospace equipment.
Mario Sáenz, PROCOMER's Export Development Manager, highlighted how important it is for Costa Rican companies to participate in international events and promote the human talent that Costa Rica has to offer in a sector as specialized as aerospace.
Additionally, Esteban Carrillo, Executive Director of Costa Rica Aerospace Cluster (CRAC), a consortium that brings together more than 30 aerospace companies in Costa Rica, emphasized that "the participation of Costa Rica Aerospace Cluster in NBAA 2023 marks an important milestone in the consolidation of the aerospace market.

Bladex's social and environmental commitment - Transforming plastic waste to rebuild a bridge in Puerto Caimito, Panama

Retrieved on:

Wednesday, July 5, 2023

ESG, Hope, Climate change, Public works, Environment, Jackson, California, PANAMA, Canal, Banco Latinoamericano de Comercio Exterior

More than 350 hours of volunteer work by Bladex employees, the commitment of the community, the support of the Panamanian Ministry of Public Works, and the alliance with the Botellas de Amor Foundation made this possible.

Key Points:

More than 350 hours of volunteer work by Bladex employees, the commitment of the community, the support of the Panamanian Ministry of Public Works, and the alliance with the Botellas de Amor Foundation made this possible.
It is a true bridge of hope and transformation," highlighted Jorge Salas, CEO of Bladex.
This recycled plastic bridge, with a span of 46 meters, marks an important milestone by becoming the first bridge of its kind in Panama and the longest in the Region.
Its construction is an inspiring example of how the circular economy can have a significant impact on mitigating the effects of climate change.

Fibra Macquarie México Closes US$250 Million Refinancing

Retrieved on:

Tuesday, June 27, 2023

Commercial Building & Real Estate, Construction & Property, REIT, KPI, SOFR, BMV, US, Banorte, GLA, ESG, Bancomext, KPI-driven code analysis, Banco Latinoamericano de Comercio Exterior, Bank, Security (finance), S.A

FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ) announced the closing of two sustainability-linked unsecured credit facilities with Banco Nacional de Comercio Exterior, S.N.C., I. B.D.

Key Points:

FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ) announced the closing of two sustainability-linked unsecured credit facilities with Banco Nacional de Comercio Exterior, S.N.C., I. B.D.
(“Bancomext”) and Banco Mercantil del Norte, S.A., I.B.M., Grupo Financiero Banorte (“Banorte”) for US$150 million and US$100 million, respectively.
FIBRA Macquarie also entered into interest rate swaps to cover 100% of the notional amounts of the new loans.
FIBRA Macquarie entered into a US$100 million sustainability-linked unsecured term loan with Banorte.

AM Best Affirms Credit Ratings of CESCE México, S.A. de C.V. and CESCE Fianzas México, S.A. de C.V.

Retrieved on:

Wednesday, May 10, 2023

Insurance, Professional Services, Good, MXN, AM Best, Consorcio ARA, ALL, ERM, Policy, CIAC, Credit, Superior, AM, News, Banco Latinoamericano de Comercio Exterior, Risk management, S.A

Partially offsetting these positive rating factors are CESCEM’s historically negative bottom-line results and the intense competition in Mexico’s credit insurance segment.

Key Points:

Partially offsetting these positive rating factors are CESCEM’s historically negative bottom-line results and the intense competition in Mexico’s credit insurance segment.
With regard to CESCEF, the aforementioned positive rating factors are offset partially by the intense competition in Mexico’s surety segment.
CESCEM specializes exclusively in credit insurance and ranks within the top five in Mexico’s credit insurance segment.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

Note to the Market | Banco Itaú Chile | Change in Ticker Symbol | New York Stock Exchange for American Depositary Shares

Retrieved on:

Friday, April 21, 2023

Santiago Stock Exchange, American depositary receipt, Banco Latinoamericano de Comercio Exterior, Bolsa de Valores, Pension fund

SANTIAGO, Chile, April 21, 2023 (GLOBE NEWSWIRE) -- As announced on April 10, 2023, through the press release titled “Amendment to the By-Laws – Change of Name”, we hereby inform that the identification codes of the shares issued by Banco Itaú Chile will be amended:

Key Points:

SANTIAGO, Chile, April 21, 2023 (GLOBE NEWSWIRE) -- As announced on April 10, 2023, through the press release titled “Amendment to the By-Laws – Change of Name”, we hereby inform that the identification codes of the shares issued by Banco Itaú Chile will be amended:
The identification code that identifies the shares issued by Banco Itaú Chile in Bolsa de Comercio de Santiago, Bolsa de Valores, will be changed to “ITAUCL”, as of April 24, 2023; and
The ticker symbol for the American Depositary Shares of Banco Itaú Chile traded in the New York Stock Exchange, will be changed from “ITCB” to “ITCL”, as of May 1, 2023.

Former Credit Suisse and Bladex Execs Announce ArtCap Strategies' First Private Credit Fund for Latin America and Caribbean, With Target AUM of Up to USD600 Million

Retrieved on:

Monday, January 23, 2023

GEORGE, International finance, Cayman Islands Monetary Authority, Risk management, Structured finance, Corporation, Private credit, Banco Latinoamericano de Comercio Exterior, Credit Suisse, Fund, Financial services, Bank

The Fund's strategy is to identify opportunistic situations and themes where its direct lending platform combined with structuring expertise results in attractive solutions for both borrowers and investors.

Key Points:

The Fund's strategy is to identify opportunistic situations and themes where its direct lending platform combined with structuring expertise results in attractive solutions for both borrowers and investors.
ArtCap is managed by Antonio Navarro (former Head of Financial Institutions Coverage for Central America, Caribbean, and Colombia at Credit Suisse), Hieu Pham (former Head of Private Credit Structuring for Latin America (ex-Brazil) at Credit Suisse), and Alejandro Jaramillo (former Chief Commercial Officer at Bladex).
This is an important, enduring, and growing area, in which ArtCap is uniquely positioned to add value."
ArtCap Strategies and the Fund are not registered with, or regulated by, the Cayman Islands Monetary Authority or any other governmental agency in the Cayman Islands.

Former Credit Suisse and Bladex Executives Announce ArtCap Strategies' Inaugural Latin America and Caribbean Private Credit Fund With Target AUM of Up to USD600 Million

Retrieved on:

Tuesday, January 17, 2023

Corporation, Fund, International finance, Private credit, GEORGE, Cayman Islands Monetary Authority, Structured finance, Banco Latinoamericano de Comercio Exterior, Risk management, Credit Suisse, Financial services, Bank

The Fund's strategy is to identify opportunistic situations and themes where its direct lending platform combined with structuring expertise results in attractive solutions for both borrowers and investors.

Key Points:

The Fund's strategy is to identify opportunistic situations and themes where its direct lending platform combined with structuring expertise results in attractive solutions for both borrowers and investors.
ArtCap is managed by Antonio Navarro (former Head of Financial Institutions Coverage for Central America, Caribbean, and Colombia at Credit Suisse), Hieu Pham (former Head of Private Credit Structuring for Latin America (ex-Brazil) at Credit Suisse), and Alejandro Jaramillo (former Chief Commercial Officer at Bladex).
This is an important, enduring, and growing area, in which ArtCap is uniquely positioned to add value."
ArtCap Strategies and the Fund are not registered with, or regulated by, the Cayman Islands Monetary Authority or any other governmental agency in the Cayman Islands.

Bladex enters into a strategic alliance with TradeAssets, spurring digitalization and access to Trade Finance

Retrieved on:

Monday, November 21, 2022

Ecosystem, Banco Latinoamericano de Comercio Exterior, Bank, Partnership, Organizational founder, NYSE, Multimedia, PANAMA, USD, BLX, Business development, Drug, Management

Partnering with TradeAssets will enable Bladex to further promote interbank relations, providing customers with greater access to trade-related financing solutions.

Key Points:

Partnering with TradeAssets will enable Bladex to further promote interbank relations, providing customers with greater access to trade-related financing solutions.
As part of the alliance, Bladex has become the first bank in Latin America to join the TradeAssets platform.
Bladex and TradeAssets will collaborate to attract more Latin American banks to the platform.
With this collaboration we aim to grasp new business opportunities, while reducing the trade finance gap in Latin America."