Honduras raises interest rates again in bid to beat inflationMonday, June 30, 2008 The central bank of Honduras raised it base lending rate, known as the TPM, by half a percentage point for the second time in a fortnight. The TPM now stands at 9 percent. The monetary authorities said the decision was aimed at controlling inflation by restricting access to credit. The TPM sets the pace for interest rates throughout the financial system. Honduras central bank to unveil new rules for dollar auctionsMonday, May 26, 2008 The central bank of Honduras announced that new rules are to be published for dollar auctions and the way in which the lempira's sliding devaluation is managed. Ana Cristina Mejía de Pereira, former president of the National Banking Commission said the new rules would have to be presented in transparent fashion to the financial institutions and the public at large. Honduras will avoid IMF pressure to devalue the Lempira.Wednesday, December 3, 2008 According to the president of the BCH, Edwin Arague, the economic sector of the country will not negotiate any stand by agreement with the IMF since the entity is pressuring them to devalue the local currency. Araque said that there are no conditions in Honduras to devalue the lempira, since, from a financial point of view, the economic has remained stable and so the measure proposed by the IMF will not be executed, he said. Guatemalan Bank Could Operate in PanamaTuesday, August 19, 2014 Banco Industrial has announced that it is prepared to start operations in Panama's financial center in the first quarter of 2015. The Bank which is of Guatemalan origin, and which already has a presence in Honduras and El Salvador, is preparing to open its offices in Panama City, driven by the economic growth there. Atlántida Bank to Help Honduran MSMEsWednesday, November 2, 2011 The International Finance Corporation (IFC) has signed an agreement with the bank to develop its portfolio of products for small and micro enterprises. According to a press release from the IFC, the initiative will help create jobs and promote economic growth in Honduras. Banrural Prepares for Opening in HondurasTuesday, November 25, 2014 The bank of Guatemalan origin has announced the completion of the purchase process of Procredit and the beginning of operations in December, focusing its services on the agricultural sector. After completing the purchase process of shares of ProCredit Bank for $30 million, Banrural has announced that it will start operations with 15 agencies nationwide. Its main customer is the agricultural sector, but it also provides loans to SMEs in all areas. Honduras: Monetary Rate Climbs to 4%Thursday, July 16, 2009 The Central Bank of Honduras raised its Monetary Policy rate in 50 basis points, from 3.5% to 4%. Sources from the Bank informed that the measure looks to protect net international reserves, control exchange rate and raise savings interest rates. $26.5 Million for Honduran FarmersMonday, March 1, 2010 Banadesa, the National Bank for Agricultural Development, announced it has $26.5 million available for new loans. Gilberto Guifarro, president of the Bank, explained that these resources will only be available for existing customers without arrears. CABEI Resumes Operations With HondurasFriday, January 22, 2010 CABEI announced it will resume operations with the country's private sector, which were suspended on June 28th, 2009. The leaders of the Central American Bank for Economic Integration (CABEI) also announced they will start reviewing those disbursements earmarked for the public sector. BAC Honduras Invests in Full ATMsThursday, June 3, 2010 The bank will inaugurate its new ATM service after investing $1.7 million. 24 new ATMs will be opened in San Pedro Sula, Puerto Cortés and El Progreso. An additional 10 will be opened in a second phase. Insurance industry needs more capital in HondurasFriday, July 25, 2008 The Central Bank of Honduras has increased the minimum amount of capital required for insurers and re-insurers by amounts ranging from 262,881 dollars to 788,643. The demand for capital is independent of the request for higher reserves for insurers. $150 Million from IMF to HondurasWednesday, September 2, 2009 The Central Bank of Honduras informed they increased their monetary reserves with these $150 million. By providing this funds as special wire rights, the International Monetary Fund (IMF), becomes the first international entity recognizing Honduras interim government. Honduras: Banco Continental Clients Being ServedMonday, November 30, 2015 The Liquidation Board announced that as of November 30 services will be provided in three banks to account holders with deposits and credit operations with the bank currently in liquidation. From a statement issued by the Liquidating Board of Banco Continental: $15 Million for Honduran Coffee GrowersFriday, March 19, 2010 Banhprovi, the Honduran Bank for Production and Housing, will offer long term, low rate loans for coffee growers. The main objective of the program is to assist coffee growers in improving the quality of their plantations. Nick Rischbieth is the new BCIE presidentFriday, November 14, 2008 Honduran Nick Rischbieth has been chosen to be the new executive president of the Central American Bank for Economic Integration. Rischbieth, who will take over on December 1, will replace Nicaraguan Harry Brautigam, who died in an airplane accident in the Honduran capital in May, as the head of the Central American institution. |
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