Honduras: Atlántida Bank Associates with IFC

The commerce program of the IFC supports Atlántida Bank in the expansion of its access to a world trade network.

Thursday, April 23, 2009

The International Finance Corporation (IFC), a member of the World Bank Group, announced today that Atlántida Bank of Honduras has joined the Global Program for trade financing of the IFC, which will help the bank to access a world trade network and strengthen its support to SMEs that are dedicated to the import or export of goods in the country.

Atlántida Bank, the second bank in Honduras to join the Global Program for trade financing of the IFC has already begun to use its commercial lines for financing transactions of pre-export activities for a total of $5 million, which will contribute to the international trade of foodstuffs such as sugar.

Guillermo Bueso, Director General of Atlántida Bank, said: "We are pleased to be part of the Global Trade Finance of the IFC, which will allow us to better support our commercial customers. This new relationship will promote economic development by increasing the potential for companies from Honduras to become involved in international trade."

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