Citibank, N.A. Lima Branch
Citibank, N.A. of the United States extended a $15 million shareholder loan to its Lima branch to expand operations. MIGA issued a $13.5 million guarantee to cover the risks of expropriation and transfer restriction. The branch provides a wide range of services, including corporate finance, trade finance, investment banking, real estate, and securities services. The loan will increase the availability of U.S. dollar-denominated medium-term capital for local companies in the construction, mining, transportation, and fishing sectors.