Wells Fargo Bank Expands Remittances

Wells Fargo Bank Expands Remittances

PRESS RELEASE [Excerpts] Wells Fargo will extend its consumer remittance payout network distribution to 9 additional financial institutions and alternative financial services companies in Guatemala, Colombia, Ecuador, Honduras, Peru, Philippines and Vietnam. Wells Fargo now has one of the largest number of payout locations for a U.S. bank-managed remittance service, creating added convenience for its […]

Ficohsa Bank to Receive $70 Million in Financing

Banco Financiera Comercial Hondurena, S.A. (Ficohsa), one of the leading commercial banks in Honduras, has signed agreements with IFC Capitalization Fund, to receive seventy million dollars in investments to support lending to small and medium enterprises in the country. IFC Capitalization Fund will invest $32 million in equity, and $38 million in subordinated debt, providing […]

Banadesa and Banprovi Provide Funds

The Honduran government has made ​​available through the National Bank for Agricultural Development (Banadesa) and the Honduran Bank for Production and Housing (Banprovi), some 100 million lempiras for national entrepreneurs, according to the Deputy Minister of Industry and Trade for the Micro, Small and Medium Enterprises (MSMEs), Gunther Carlos Laínez. “Private banks do not have […]

Banks Increased Capital in Honduras

Five commercial banks authorized to operate in Honduras increased their capital during 2010, according to a report by the Central Bank of Honduras (BCH). According to the Commission of National Banking and Insurance (CNBS), the minimum capital required for each institution was 300 million lempiras. There are 17 private banks in Honduras. It is always good […]

Banco Popular Covelo to Simplify Name

The Banco Popular Covelo will soon simplify its name, and plans to strengthen its focus on micro, small and medium enterprises [MSMEs]. Beginning in March of next year, the financial institution will be known as Banco Popular. The manager, Luis Fernando Gómez, reported that customers will soon be seeing a change to their logo that […]