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That same month, the IFC board approved a $70 million loan to Banco Ficohsa, one of Honduras’ biggest banks, intended “to support lending to the country’s small and medium enterprises.” The Dinant conglomerate was among Ficohsa’s largest clients, securing nearly $17 million in loans from the bank in 2008.
The institution has also faced criticism over a 2011 $70m investment to Banco Ficohsa, Honduras' largest bank, with critics stating that the money would be indirectly supplied to Dinant. [ 5 ] [ 6 ] In a December 2013 audit the IFC's ombudsman found that the institution did not perform due diligence when examining the potential social and ...
Banco Econômico; merged with Banco Excel, later acquired by BBVA Brasil, now Banco Bradesco; Banco do Estado do Amazonas (BEA); acquired by Banco Bradesco; Banco do Estado da Bahia (Baneb); acquired by Banco Bradesco; Banco do Estado do Ceará (BEC); acquired by Banco Bradesco; Banco do Estado de Goiás (BEG); acquired by Banco Itaú
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.
The Bank of Honduras and the Banco Atlantida issued the first lempira banknotes in 1932. They were in denominations of 1, 2, 5, 10 and 20 lempiras. The Central Bank of Honduras took over production of paper money in 1950, introducing 50 and 100 lempiras notes in 1950, followed by the 500-lempiras note in 1995.
Headquarters of First National City Bank of New York in Casco Viejo, Panama. In 1903, the first two modern Panamanian banking institutions were created: the International Bank Corporation, which would later be called First National City Bank of New York, now Citibank, and the Banco Hipotecario y Prendario, which was enacted by law by Panamanian President Manuel Amador Guerrero on June 13 of ...
In 2016, Credomatic de México S.A. de C.V., a subsidiary of BAC International Inc., signed a contract to transfer to Banco Invex S.A. its Mexican credit cards business [4] In 2017 the group started to use BAC Credomatic as brand for all their bank and credit card services, using a new modern logo. [citation needed]
The Central American Bank for Economic Integration - CABEI (BCIE in Spanish) was founded in 1960. It is an international multilateral development financial institution. Its resources are invested in projects that foster development to reduce poverty and inequality; strengthen regional integration and the competitive insertion of its member countries in the global economy; providing special ...