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Balboa Bank and Trust chips in with $2.5 million finance for Los Micos Beach and Golf Resort in Bahía de Tela, Honduras

Thursday, October 13, 2011

Balboa Bank & Trust is the latest financial institution to support Los Micos Beach & Golf Resort, which is being developed at Bahía de Tela in Honduras.

The Panama-based bank will contribute $2.5 million of a syndicated loan.

Previous contributions amount to $24 million. Participants have been Barural of Guatemala with $5 million, Banco Pichincha of Panama with $5 million, BAC HOnduras and Ficensa with $2 million each and Banco Ficohsa with $10 million.

Original source (in Spanish): El Heraldo