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Metrobank PYME

Sector: Residential • Location: Panama

Source: Inter-American Development Bank (IADB)

Project
Repaid

The proposed financing consists of an A/B Senior Secured Loan of approximately US$40 million to Metrobank, S.A. including (i) an IDB Invest A Loan of up to US$10 million; (ii) an IDB A loan of up to US$10 million; and (iii) an IDB Invest B Loan expected to be of approximately US$20 million. The tenor of the A Loans will be for 3 years, including 1 year of grace. The objective of this transaction i

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The project “Metrobank PYME” is an infrastructure initiative in the Residential sector, located in Panama. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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repaid

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Description

Description

The proposed financing consists of an A/B Senior Secured Loan of approximately US$40 million to Metrobank, S.A. including (i) an IDB Invest A Loan of up to US$10 million; (ii) an IDB A loan of up to US$10 million; and (iii) an IDB Invest B Loan expected to be of approximately US$20 million. The tenor of the A Loans will be for 3 years, including 1 year of grace. The objective of this transaction is to support Metrobank in expanding its SME client database, especially through working with its branch office in Chiriqui Province. Loans booked through the Chiriqui branch are primarily to SMEs working in the commercial sector (40%), services (32%), consumer (18%) and agribusiness (9%). IIC funding will support Metrobank in financing SMEs and will be complemented by technical assistance efforts to help these SMEs develop and strengthen their export capabilities.

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Source reliability

High

Data quality score

100%

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