On june 1, 2023, El Salvador made the payment corresponding to the fifth of eight annual, equal and consecutive installments of capital payable derived from the subscription of 20,400 series "A" shares made within the framework of said capital increase, this was stated by the Minister of Finance, Alejandro Zelaya through his twitter account.
CABEI states that this action demonstrates the quality of CABEI's partners, who, in addition to demonstrating their commitment to strengthening the Institution's financial and credit profile, strengthen the Bank's role in a complicated and volatile environment in the international capital markets, in addition to the consequences and adverse effects of climate change in the region.
With a loan portfolio of US$2.263 billion, the Central American Bank for Economic Integration (CABEI) finances programs, projects and initiatives in the Republic of El Salvador, ranging from social security, education, construction and energy, among others.
In addition, CABEI officially increased its authorized capital from US$5,000.0 million to US$7,000.0 million in 2020.
Subscribed capital is the part of the authorized capital that the shareholders of a joint stock company undertake to pay. It corresponds to the contributions made by the shareholders to the company, which may be paid in cash or in installments.
Translated by: A.M