2024-04-24 01:24:14
LONDON, April 23, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA), in partnership with Banco Improsa, announces that it has obtained a US$15 million line of credit from the Japan International Cooperation Agency (JICA).
Sajeev Chakkalakal, Head of Investment Banking and Managing Director at EMGA, stated: “Despite a complicated global macroeconomic environment, we are pleased to once once more facilitate Banco Improsa’s ongoing vision of supporting SMEs in Costa Rica and complete this solution of financing.”
Commenting on the transaction, Felix Alpizar Lobo, general manager of Banco Improsa, said: “This financing reiterates our commitment to strengthening the SME segment in Costa Rica. Banco Improsa is proud to share JICA’s objective, which is to contribute to the economic and social growth of developing countries.”
Jeremy Dobson, managing director at EMGA, added: “Banco Improsa’s strong management and healthy financial position were key factors in helping EMGA’s investment banking team secure this financing, and this line of credit from JICA will further strengthen Banco Improsa’s ability to increase its main loan portfolio for SMEs.”
JICA
The Japan International Cooperation Agency is a government agency that provides most Official Development Assistance to the government of Japan. It was created to help the economic and social growth of developing countries and to promote international cooperation.
EMERGING MARKETS GLOBAL ADVISORY LLP (EMGA)
EMGA, with branches in London and New York, assists financial institutions and companies seeking new debt or equity capital. EMGA’s multinational team combines decades of experience needed to complete transactions on behalf of its clients in the world’s emerging markets and frontier economies, including Costa Rica, which remains an important market. With a proven track record in capital formation and strategic consulting across diverse economic cycles, EMGA continues to expand its geographic reach and service offering, solidifying its market position as one of the industry’s most prominent niche investment banks. emerging markets.
IMPROSA BANK
It is a commercial bank with more than 37 years of experience, whose relational business model and focus on niche markets are aimed at providing financing solutions and services for small and medium-sized companies (SMEs), among others. Banco Improsa was one of the first private banks in Costa Rica to provide non-financial services to its customers and has a long history of advising and supporting SMEs. Banco Improsa’s main success factor is its commitment to high standards of responsive service and flexible, which, combined with the offer of personalized financial solutions, gave it a solid position in these segments.
Banco Improsa is a subsidiary company of Grupo Financiero Improsa (GFI).
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