LONDON, April 22, 2024 (Globe Newswire) — Emerging Markets Global Advisory LLP (EMGA), in partnership with Banco Improsa, has announced that it has secured a US$15 million financing facility from the Japan International Cooperation Agency (JICA). did.
Sajeev Chakarakar, EMGA's Head of Investment Banking and EMGA Managing Director, said: “Despite the challenging global macroeconomic environment, Banco is committed to supporting Costa Rican SMEs and perfecting this financing solution.・We are pleased to once again promote Improsa's continued vision.”
Commenting on the transaction, Félix Alpizar Lobo, General Manager of Banco Improsa, said: “This financing reaffirms our commitment to strengthening Costa Rica's small and medium-sized business sector. I am proud to share JICA's goal of contributing to the economic and social growth of developing countries.” Countries. ”
EMGA Managing Director Jeremy Dobson added: “Banco Improsa's strong management and sound financial position were key factors in helping the EMGA Investment Banking team secure this funding. The facility will further strengthen Banco Improsa's ability to grow its core SME lending portfolio,'' he added.
JICA
The Japan International Cooperation Agency is a government agency that provides the majority of official development assistance to the Japanese government. It aims to support the economic and social growth of developing countries and promote international cooperation.
Emerging Markets Global Advisory LLP (EMGA)
EMGA has offices in London and New York and assists financial institutions and businesses seeking new debt or equity capital. EMGA's multinational team combines decades of experience needed to complete transactions on behalf of clients within the world's emerging markets and frontier economies, including Costa Rica, which remains a major market. With a proven track record in capital formation and strategic advice through diverse economic cycles, EMGA continues to expand its geographic reach and service offerings and ranks as one of the preeminent emerging market-focused niche investment banks in the industry. We are solidifying our position in the market.
banco improsa
The company is a commercial bank with over 37 years of experience and specializes in providing financing solutions and services, particularly to small and medium-sized enterprises (SMEs), with a relational business model and focus on niche markets. Banco Improsa was one of the first private banks in Costa Rica to offer non-financial services to its customers and has a long history of providing advice and support to small and medium-sized businesses. Banco Improsa's main success factor is its commitment to high standards of agile and flexible services, which, together with the provision of customized financial solutions, has enabled it to establish a strong position in these areas .
Banco Improsa is a subsidiary of Grupo Financiero Improsa (GFI).
Contact details:
info@emergingmarketsglobaladvisory.com
