Banco Popular Covelo Joins AHIBA

Banco Popular Covelo bank has proudly announced that General Manager, Engineer Luis Fernando Gómez Gómez, was invited to sign Banco Popular Covelo’s integration into the prestigious association of the Honduran Association of Banking Institutions (AHIBA). Through this integration, Banco Popular Covelo is consolidated in the market as an institution that seeks to work in a […]

IMF Concludes Mission Trip to Honduras

International Monetary Fund (IMF) said that Honduras should contain current spending because they feel expansionary policies are not sustainable. Mario Garza, the IMF representative observed that, “Despite a decline in public investment, the fiscal deficit rose markedly due to a substantial increase in current spending — mainly the wage bill — leading to a large […]

New Option for Money Transfer

Excerpt: “Our Hispanic customer base is made of immigrants from a number of Latin American countries. Wells Fargo wants to be the bank of choice for this increasingly important high growth consumer segment.” “Wells Fargo & Company (NYSE:WFC) has more than doubled the number of countries that can receive Wells Fargo ExpressSend remittance transactions – […]

Honduran Economy Looking Bleak

The political crisis in Honduras “expanded” the impact of the global recession on Honduras’ economy, the Economic Commission for Latin America and the Caribbean (ECLAC) said Monday. The Santiago-based ECLAC, said that the unstable political situation in the country had a negative impact on Honduras’ economy, which is highly dependent on external aid. “Honduras is […]

Banhprovi Will Maintain Interest Rates in 2010

Hondurans interested in purchasing a home with Banhprovi were encouraged to hear the financial institution is keeping interest rates low even next year. Honduran Bank President of Production and Housing (Banhprovi), Julio Quintanilla, said he could keep interest rates at 10% for microfinancing, 9% for low-income housing, and 10% for middle-class homes. “Banhprovi can maintain […]