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The two first commercial banks in Nicaragua opened in 1888. The Bank of Nicaragua (Spanish: Banco de Nicaragua), later rebranded as the Bank of Nicaragua Limited, headquartered in London and then merged with the London Limited Bank of Central America, and the Mercantil Agricultural Bank (Spanish: Banco Agrícola Mercantil) that went bankrupt for non-payment of their debtors.
Banco Azteca's business focus has been to serve the most underserved segments of the population, providing financial services to middle and lower income groups. [2] According to Alejandro Valenzuela, CEO of Banco Azteca, the bank was "born as a popular institution" and "uses financial inclusion not as a rhetorical issue, but as a business model".
Banco Central Hispano was a Spanish bank. In 1999 it was merged with Banco Santander to form Banco Santander Central Hispano. [ 1 ] However the bank group was reverted to refer as Santander Group or Banco Santander in 2007.
Banco Hispano Americano (BHA) was a private Spanish bank that operated during most of the 20th century, becoming one of the most important financial institutions in the country. The activities of the Hispano Americano were not limited to the financial sector and it also had a prominent presence in the industrial sector through various investments.