The municipal corporation of San Pedro Sula voted this morning to proceed with a loan from the banking institution of Banpais. The loan is for the amount of 400 million lempiras, at a 10 per cent interest rate, for a period of six years. This loan to the city will be used to pay a […]
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 […]
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 […]
A Honduran investor has filed claim against HSBC alleging that an investment described as a “Washington Mutual” perpetual bond was not a bond at all, but a derivative mortgage backed security, created by Washington Mutual, to take toxic home equity loans off its books. The claim, filed with the Financial Industry Regulatory Authority (FINRA) by […]
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 […]