By gringa on October 11, 2011
banking, banks, finance, honduras, remittances, sending money
Financial News
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 […]
By Catracha Hondurena on October 4, 2011
banking, banks, fichosa, financial institutions, honduras, IFC
Financial News
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 […]
By Catracha Hondurena on May 5, 2011
banking, banks, honduras, micro enterprise, small business
Financial News
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 […]
By Catracha Hondurena on March 9, 2011
banking, lempiras, money
Financial News
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 […]
By Catracha Hondurena on December 6, 2010
banking, BCIE, honduras, loan
Financial News
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 […]