Ficohsa Bank Opens New lines of Credit

To support the economic sector of Honduras, Ficohsa Bank is opening new financing options with funds from Banhprovi.

Thursday, June 18, 2009

The funds from the Honduran Bank for Production and Housing (Banhprovi) that are available through lines of credit at Ficohsa Bank are designated for urbanization and housing construction projects as well as for the construction of commercial real estate for farming or industrial distribution centers, among others.

According to Latribuna.hn, "Among the main benefits, the 7% rate (New Funds BANHPROVI), 10 year-terms, and grace periods of up to 3 years are featured."

More on this topic

Salvadoran Banking Loan Less for Construction

January 2012

Financial institutions lent 15% less for building houses in 2011, complained the Chamber of Construction.

The Salvadoran Chamber of Construction Industry (Casalco) reported that the portfolio of loans for housing construction experienced a decrease of 15% in 2011, as banks only granted $113.9 million.

Honduras: $158 Million for Construction

May 2009

Private banking requested $158 million from the Honduran Production and Housing Bank to boost the construction sector and generate jobs.

The requested funds are part of a trust worth $529 million that the Honduran Production and Housing Bank (BNHPROVI) has in order to stimulate the economy.

Honduras: Expands Loans for Housing

May 2009

People owning a home can now opt to finance a second home.

Stimulation of the construction industry is sought by making the requirements for accessing the funds of the Banhprovi trust more flexible.

Reynaldo Yanes wrote in Laprensahn.com: "Of the 10 billion Lempiras ($529 million) which the Banhprovi trust has, up to 4 billion ($212 million) will be invested to stimulate the construction industry in both the public and private sectors by way of a rediscount through the banking system."

Honduras: Ficohsa Bank Offers 10% Financing

March 2009

Ficohsa Bank announced that it will offer loans for projects at a rate of 10% with 7 year terms and a 3 year grace period.

The funds are coming from credit lines with BANHPROVI (Honduran Production and Housing Bank), and are oriented toward the growth of the country’s productive sector.

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