Ecuador: Line of credit for Banco del Pichincha

The Andean Development Corporation signed an agreement with Banco del Pichincha to increase the amount and term of the line of credit to US$16 million and five years.

December 10, 2004

Under the credit facility, the Bank may finance the needs of its corporative, business and micro-enterprise customers to expand their plant, fixed assets and working capital. CAF's relationship with Banco del Pichincha and its customers will also permit direct co-financing operations with the CAF and develop new operations that integrate the Bank into international capital markets.

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