Analysts are warning that Honduran private banks are loosing interest in the debt certificates of the government, which has saturated the market with its bond issues.
In an article in Elheraldo.hn the president of the National Commission of Banks and Insurance (CNBS), José Luis Moncada, notes that "The bond saturation is of concerned to representatives of private banks, which already have enough bonds. They have expectations that on the expiration date of these securities, the State will continue with a renewal process and it will not have the liquidity to pay the principal and interest".
Micro-insurance and insurance banks are some of the new services that the companies hope to offer in the short term.
Elheraldo.hn reports on its website: "For the manager of the Honduras Chamber of Insurance Companies (Cahda), Jose Moncada, the strategy of the local industry is to use the banks' platform of clients to acquire other types of coverages.
The president of the Honduran Insurance Chamber, Jose Luis Moncada, did not rule out that insurance costs may increase next year.
We still can talk about percentages yet; we will complete negotiations with reinsurers at the end of December and that is when we will know how much the increase will be, plus the local costs due to inflation and the economic recession, he added.
The objective of the event is to know the regional experience on the subject, and the best practices that ensure the development and sustainability of the agricultural sector through financing and insurance, stated José Luis Moncada, president of the CAHDA.