IDB Signs $30 Million Loan To BBVA Banco Continental

The Inter-American Development Bank (IDB) has signed a $30 million subordinated loan to BBVA Banco Continental, in Peru. The loan constitutes the second component of a long-term financing facility by the IDB for Banco Continental to provide comprehensive support for mortgage origination and asset growth. The first portion, a $100 million senior A/B loan was signed December 8.