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 […]