- Expansion
- 2031
Programme Latitude · Phase 6 of 7
2031: Latin America
Panama City scales in the sixth phase. The regional credit authority rises, the trade-finance line opened in 2025 is raised from US$25 million to US$60 million, and the isthmus correspondent relationships grow from 13 to 22. São Paulo takes its origination team to seven people covering agri-science and animal health.
The phase
Mexico City adds coverage of pharmaceutical manufacturing, and the Montevideo desk becomes an office once the Uruguayan registration is granted. The region has grown inside its present footprint since 2022 on an interim line and on structuring capacity borrowed from the Caribbean. This is the first phase that funds it directly.
Milestones
- Trade-finance line raised from US$25 million to US$60 million and extended to Uruguayan borrowers.
- Uruguayan registration granted and the Montevideo desk converted into an office of six people.
- São Paulo origination team raised to seven people covering agri-science and animal health.
- Isthmus correspondent relationships raised from 13 to 22, each screened under the sanctions programme.
- Latin American client portfolio raised from US$47 million to US$90 million by the end of 2031.