Honduran banks afraid of government intervention

The election of former Foreign Minister Milton Jiménez as president of the National Banking and Insurance Committee, following the removal of Gustavo Alfaro, caused unrest in the banking sector.

Monday, January 19, 2009

As published by elfinancierocr.com: "Alfaro was removed after presenting a report on the deposits of honduran banks in foreign entities, which, according the the Central Bank of Honduras, grew in over $200 million in 2008, causing a decrease in financial liquidity and high interest rates".

More on this topic

Intervention in Honduran State Telephone Company

January 2013

Following the resignation of its general manager, an oversight board will assume the administration of the Honduran Telecommunications Company.

Laprensa.hn reports that a decree signed by President Lobo, establishes the creation of an intervention commission to be appointed by himself, so that Hondutel can "operate, maintain, expand and modernize the national and international telecommunications services" through the development of a financial rescue and budget plan.

Honduras: Banking profits increase 18%

October 2008

During the first semester of 2008 the banks increased their earnings by 18 percent in comparison to the previous year.

President of the National Banking and Insurance Commission (CNBS), Gustavo Alfaro, reported that the banks in Honduras are solid and that the financial crisis in the United States has not had any immediate effect on the national system.

Banking Regulations for Honduras

February 2012

The Honduran Association of Banking Institutions is calling for a balance between regulation and promoting development, protesting against unrealistic regulations nationwide.

The Honduran bank said existing regulations are "very strict" and has called for a balance between regulation and promoting development, taking into account local characteristics reported Tiempo.hn.

Panama: Seguros Confianza Taken Over

September 2016

The Superintendency has taken administrative control of Seguros Confianza, as part of a process that began in November 2015 with the detection of a problem of insufficient capital.

From a statement issued by the Superintendency of Banks in Panama:

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