Andrews Kurth Represents IADB in 5-year US$50 Million Loan to Panama’s Banco General, S.A.

On December 9, 2008, the Inter-American Development Bank ("IADB") closed on a five-year US$50 million loan to Panama’s Banco General, S.A. (“Banco General”). The new funds will enhance Banco General’s efforts to support the expansion of its mortgage origination portfolio, focusing on lower-income homebuyers.

The US-based law firm of Andrews Kurth LLP and the Panamanian law firm of Alfaro, Ferrer & Ramírez advised the IADB on the financing.

Counsel to IADB

In-house counsel - Ernesto Jiménez

US - Andrews Kurth LLP

Partner Vera Rechsteiner and associate Siddharth Sethy

Panama - Alfaro, Ferrer & Ramírez

Partner Alfredo Ramirez Jr. and associate Roberto Harrington

For more than a century, Andrews Kurth LLP has built its practice on the belief that “straight talk is good business.” Real answers, clear vision and mutual respect define the firm’s relationships with clients, colleagues, communities and employees. With more than 400 lawyers and offices in Austin, Beijing, Dallas, Houston, London, Los Angeles, New York, The Woodlands and Washington, DC, Andrews Kurth represents a wide array of clients in all areas of business law. For more information about Andrews Kurth, please visit andrewskurth.com.