Bantrab granted US$15mn in financing by German development bank DEG

- Monday, April 4, 2011

Bantrab granted US$15mn in financing by German development bank DEG

Guatemalan SME lender Banco de los Trabajadores (Bantrab) has received a US$15mn loan from German development bank DEG.

The loan joins other recent financing deals, including a US$30mn loan from Central American development bank Cabei to help the bank boost its SME portfolio, strategic planning manager Mauricio Álvarez said, according to a report in local newspaper El Periódico.

As of end-February, Bantrab had a credit portfolio worth 3.9bn quetzales (US$509mn), according to regulator statistics.

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