Bac-Bamer authorized to increase its capital base

The National Commission of Banking and Insurance in Honduras has authorized Banco America Central (Bac-Bamer) to increase its capital base from 95.4 milion dollars to 132.3 million.

Wednesday, July 23, 2008

Bac-Bamer manager Jacobo Atala says the increase in capital is based on a study. The bank needs a larger capital base, even though it's already the largest financial system in the nation.
He says it needs the additional capital so that it can consolidate the merger last April 1 between Bac-Bamer and Banco América Central.

More on this topic

Panama: $30 Million for Banvivienda

December 2009

Grupo Mundial will enlarge the capital base of bank "Banco Banvivienda" for the second time in 2009.

In June, the group had injected $10 million in the bank.

Prensa.com reports: "...the purchase of 65% of Aseguradora Mundial on behalf of Spanish corporation Mapfre... implies a $102.7 million cash payment for the group, in additon to $4.5 million in dividends for 2009's operations, as well as 35% of Mapfre Central America".

Costa Rica speeds up plans to capitalize banks

November 2008

The decision by Government to inject capital into State owned banks, Banco Costa Rica and Banco Nacional should be ready by mid next week.

Its was confirmed by the Minister to the Presidency, Rodolfo Arias, who analyzed the topic in an extended session of the Economic Council that took place yesterday at Casa Presidencial.

Guatemalan Banks make it tougher to get credit

August 2008

The president of the Bank of Guatemala has warned about the situation of the banks in country, which have exhausted their credit expansion capability.

This comes after two years during which their portfolios grew more by than 30%. "They need to be capitalized," Antonieta de Bonilla was reported as saying.

Capitalization of the Costa Rica's Central Bank causes problems

June 2008

For the promotors of the bill to capitalize the Central Bank of Costa Rica it will be necessary to reduce the costs that would be involved, especially since the market is in decline.

Although the bill has only one objective, which is to provide more tools for controling inflation, the Costa Rican stock market does not appear to like what it sees.

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