Starting April 21, 6 nicaraguan banks will include among its services online money transfers.
The six banks are part of the ACH Unired network, an entity authorized by the Central Bank of Nicaragua to operate in the country. Some banks offer no-cost transfers, while others charge transaction fees ranging between $5 and $20.
The increase in remittance income is the main factor that has led to the value of the local currency against the dollar rising to its highest level in the past two years.
While in other Central American countries local currencies have tended to lose value against the dollar, in Guatemala the strong flow of foreign exchange into the country has put upward pressure on the supply of dollars causing an appreciation of the quetzal, which was quoted on 5 October at Q7,63 to the dollar.
With financial support from the Colombian Union of Energy Workers, ENEE employees could take over the company's distribution network.
The Union of Workers of the National Electricity Company (STENEE) has submitted to the Union of Workers of the National Power Industry (UTEN) of Colombia a technical and financial proposal for the development of a project called "Optimization of the distribution network to assure ENEE revenue".
The contract for the construction, equipment, financing, maintenance and operation of the Honduran port terminal, was signed yesterday by COALIANZA, Banco Ficohsa and the Philippino company International Container Services.
The president of COALIANZA, Carlos Pineda, said that the signing of this contract with International Container Services (ICTSI) exceeded 25% of the estimated investment in the tender process, which initially was $500 million, with a final bid of $624 million .
Funded by a $10 million trust fund administered by Ficohsa, the award has been made for the construction of diversion Yamaranguila-El Obispo and the stretch of road from San Miguelito–San Juan to the construction company William & Molina.
Elheraldo.hn reports that "This tender has been developed jointly with COALIANZA, with the support of technical, financial and legal high profile consultants, as stipulated in the trust agreement."
The Honduran bank has received approval from the Guatemalan Superintendency of Banks to provide services from April.
The financial group Ficohsa can use its brand for transactions and banking services in Guatemala from next April, authorized by the Guatemalan Superintendency of Banks.
"With this release, very soon in Guatemala will launch and promote the brand that has penetrated so successfully in Honduras, Panama and the state of Florida in United States of America, consolidating the Group's strategy to internationalize and expand into other markets", said Ficohsa.
To support the economic sector of Honduras, Ficohsa Bank is opening new financing options with funds from Banhprovi.
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.
The Netherlands Development Finance Company (FMO) and the German Investment and Development Company (DEG) granted a line of credit to Ficohsa Bank for $45 million, official sources reported.
The funds from this credit will be used by Ficohsa Bank to strengthen its strategy of diversifying its loan portfolio for the Housing, Agro-Industrial, Industrial and Small and Medium Businesses sectors, they explained.
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