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Andrews Kurth Represents IDB in $15 Million Subordinated Loan to Banco de Guayaquil, S.A.

December 30, 2011
Washington, DC

(Washington, DC)—On December 22, 2011, the Inter-American Development Bank (“IDB”) closed on a financing facility to Banco de Guayaquil, S.A., an Ecuadorian bank, consisting of a US$15 million subordinated loan qualifying as Tier II capital under the requirements of the Ecuadorian Bank Superintendency. The proceeds of the subordinated loan are to be used to support the expansion of the Borrower’s funding activities for small and medium-sized enterprises and the growth of its “Banco del Barrio” program, in the Republic of Ecuador.

The U.S. based firm of Andrews Kurth LLP advised IDB on the financing.

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

Siddharth "Sid" Sethy, Associate

Ignacio Hirigoyen, Associate

IDB In-house Counsel:

María del Pilar Jimenez de Arechaga

Ecuadorian Counsel to IDB:

Perez, Bustamante & Ponce Abogados

Bruno Pineda Cordero, Partner

Natalia Almeida, Associate

About Andrews Kurth LLP

For more than a century, Andrews Kurth 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 400 lawyers and offices in Austin, Beijing, Dallas, Houston, London, New York, Research Triangle Park, The Woodlands and Washington, DC, Andrews Kurth represents a wide array of clients in multiple industries. For more information about Andrews Kurth, please visit andrewskurth.com.

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