Insurance industry needs more capital in Honduras

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.

Friday, July 25, 2008

The demand for capital is independent of the request for higher reserves for insurers.
Under the rules, the monetary authority reviews capital requirements every two years. The amount is based on economic growth of the nation, which was 6.3 percent in 2007.



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Hondurans to Buy Insurance in Guatemala

January 2017

Ficohsa Group has announced the acquisition of 100% of the capital of the company Seguros Alianza, which will be operated through the subsidiary Ficohsa Seguros.

The formalization of the transaction was recently approved by the Superintendency of Banks of Guatemala and the Superintendency of Panama.   

Banco de Costa Rica Requests $30 million from CII

December 2011

The Banco de Costa Rica (BCR) has requested a $30 million loan to strengthen its capital and to provide financing to SMEs.

A press release from the Inter American Investment Corporation (CII in Spanish) reads:

Loan funds will be used by the CII to strengthen the bank's assets and to improve financing of Costa Rican SME’s, with loans of up to $500,000.

$69 million for HSBC Costa Rica

January 2009

The purpose of the funds is to strengthen liquidity and credit worthiness indicators with investors in mind.

Prenslibre.com reports on its site that "this injection of capital, however, will be considered as a part of the growth strategy for the credit portfolio for the year.

$42 million for Scotiabank Costa Rica

January 2009

The National Council for the Supervision of the Financial System (Conassif) approved the increase in capital, from $80 million to $122 million.

According to nacion.com "The increase, a cash injection of $42 million, represents a considerable strengthening of the equity and indicators at the Bank, in addition to an important safeguard for clients as well as for investors," the entity reported."

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