Honduran businessmen ask for more resources from the banks

Local businessmen have started to line up hoping to get credit from the banks.

Tuesday, November 25, 2008

Several of them have started to process credit to finance the thirteenth month of pay and unlike last year, their request for resources are in process of being answered.

The president of the Honduran Council of Private Companies (Cohep), Amilcar Bulnes, commented that banks have less resources for loans to finance the production, construction and purchase of raw materials compared to last year.

More on this topic

$210 Million Line of Credit for Banco de Panamá

March 2009

The Andean Development Corporation (CAF) has approved a credit line of $210 million for medium-term loans for the Bank of Panama.

The agreement, signed by the Andean Development Corporation, the Bank of Panama and the Panamanian Ministry of the Economy, will open the way for the allocation of resources for the strengthening of Panamanian banking.

Guatemala expects 73% reduction in lines of credit

January 2009

According to projections for 2009 by Banguat, lines of credit from abroad could fall to $50 million.

Sigloxxi.com reports on its webpage: "The Central Bank indicates that in 2008 correspondent banks made $188.2 million (Q1,411.5 million) available to the national banking system, however this year it could be only $50.0 million (Q375.0 million), a reduction of 73.6%.

$53 million for Honduran small businesses

January 2009

Within 30 days the government will open lines of credit for small and medium businesses.

The Vice Minister of Small and Medium Businesses, Ana Munguia announced, according to Latribuna.hn, that "We know that small businesses have always had access to the resources, we have an order from the President of the Republic for these resources to be made available within 30 days."

El Salvador: $400 million for loans to productive sector

December 2008

The main condition from the IDB is that the BCR use the funds to create a short-term credit portfolio in the financial system for working capital and international trade.

The Central Bank indicated that the reserves will be available at participating financial institutions, who have responded positively to channeling the resources to production activities, including small businesses.

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