IDB Gives Dominican Republic Loan

Dominican Republic’s Banco BHD will receive $17.5m from the IDB. It will consist of a $5m senior 5-year loan and a $12.5m 8-year loan, says the bank. The proceeds will be used to lend to corporate and SME clients. The subordinated loan will also help to strengthen Banco BHD’s capital structure, as it will meet Tier 2 capital criteria.