CABEI receives third capital payment of US$8.6 million from the Republic of China (Taiwan)

24/03/2023

Tegucigalpa, March 23, 2023 – Once again, the Republic of China (Taiwan) reiterated its backing and support for strengthening the equity of the Central American Bank for Economic Integration (CABEI), with the payment of its third installment of US$8.63 million linked to the capital subscription within the framework of the Bank's VIII General Capital Increase.

This action corresponds to the third of eight (8) annual, equal and consecutive installments of payable capital derived from the subscription of 20,000 and 7,625 series "B" shares made within the framework of the VIII General Capital Increase of the Bank.

"Since its entry, the Republic of China (Taiwan) has incorporated financial strength into the Bank's DNA. Through its participation as a member country, the Bank was able to enter international markets very quickly. Today, through this important contribution, CABEI once again demonstrates the quality of its members, which, in addition to demonstrating its commitment to continue strengthening our institution's financial and credit profile, strengthens our role as a development bank that works to contribute to the well-being of the region's countries," said CABEI Executive President, Dr. Dante Mossi.

In 2020, CABEI officially increased its authorized capital from US$5 billion to US$7 billion. This was the Bank's VIII General Capital Increase; the second in less than ten (10) years, which confirms the Bank's high value and relevance in the region as the main channeler of financial resources, disbursing more than US$34 billion since its founding in 1960.

The Republic of China (Taiwan) has been a member of the Bank since 1992 and holds the highest shareholding (11.37%), a key factor that has allowed CABEI to remain, for several years, as the highest rated entity in all of Latin America with an "AA" rating.

Back