Banrural Buys Banco Continental's Assets

It has been announced that the Guatemalan bank has acquired assets belonging to the Honduran group estimated at $108 million.

Friday, October 23, 2015

As part of the process of forced liquidation of Banco Continental, which began on October 12, the Bank founded in Guatemala acquired 32% of the assets, which has an estimated total value of $225 million.

See "Honduras: Forced Liquidation of Banco Continental . "

Evasio Augustine Asensio, liquidator of the Banking and Insurance Commission of Honduras (CNBS), said "... 'They have been awarded a portfolio in the order of 2.4 billion lempiras ($108 million), we regret that the rest of the banks did not participate, because we know that would have meant we would have been able to transfer the deposits faster.'"

Prensalibre.com reports that "... La Tribuna added that the Guatemalan bank offered 1 percent for the portfolio financed with resources from Banco Hondureño para la Producción y la Vivienda (Banhprovi), but the Liquidation Commission is waiting for more offers. "



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