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.
Security of documents is being reinforced using a new type of paper, watermarks, and visible and invisible fibers.
The Central Bank of Nicaragua (BCN) and the Association of Private Banks have agreed to implement, as of March 15, a series of reforms for bank checks. The goal is to stop the falsification of instruments such as these used to transfer money.
The IDB has provided a $2 million credit line to ProCredit Bank SA for a program of credit and technical assistance for community water projects.
A press release from the Inter-American Development Bank (IDB) reads:
The Inter-American Development Bank (IDB) will help to expand and improve access to clean and affordable water to poor communities in El Salvador with a loan of U.S. $2 million to ProCredit Bank SA for a program of credit and technical assistance for community water projects.
Procredit Bank will provide financing to agricultural and commercial sectors.
Consolidation in the market and granting loans to new segments such as the housing and agriculture sectors, are part of the objectives of the representatives of Procredit Bank, which has opened its twenty-fifth branch in the country.
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