Multi-million-dollar loan for Honduran company

The Banco Financiera Comercial Hondureña S.A. (Ficohsa) and Guatemala's Banco GT Continental, together with several local banks, including Atlántida, BAC-Bamer, GTC Bank, Banco Aliado and Tower Bank, have put together a syndicated loan of 77 million dollars for Corporación Dinant.

Saturday, April 26, 2008

The funds will be used for investment in plant and agro-industry. Surplus funds will be used for publicity and marketing.
The company plans to consolidate its activities and introduce new products. It will also boaden its participation in the Central American market and Panama, according to the signatories.
Dinant currently employs nearly 7,000 employees throughout the region.
It is the dominant producer and distributor of locally recognized snack foods such as Ranchitas, Zambos, Yuca Juba, and Cappy, as well as other food products.


More on this topic

G&T Continental Expands in El Salvador

December 2009

By opening its 11th branch, Grupo Financiero G&T Continental now features 600 locations in Central America.

The new Salvadoran branch is located at Shopping Mall Aventura Plaza, and will offer services in financing, investment, treasury, commerce, cash management and corporate and individual advising.

Honduran bank assets grew 11% in 2008

February 2009

Honduran banks reported $11.3 billion in assets at the end of 2008, an increase of 11%.

The National Banking and Insurance Commission reported the results for 2008, in which Bac-Bamer Bank topped the list with $1.8 billion in assets, followed by Atlantida Bank with $1.6 billion and Ficohsa with $1.55 billion.

Bac-Bamer authorized to increase its capital base

July 2008

The National Commission of Banking and Insurance in Honduras has authorized Banco America Central (Bac-Bamer) to increase its capital base from 95.4 milion dollars to 132.3 million.

Bac-Bamer manager Jacobo Atala says the increase in capital is based on a study. The bank needs a larger capital base, even though it's already the largest financial system in the nation.

G&T Continental Bank of Guatemala will issue preferred shares

June 2008

On Tuesday Guatemala's Monetary Committee was advised of the request of G&T Continental Bank to issue a series of preferred shares for 70 million dollars at a fixed interest rate.

G&T is the second financial group within the past year to use this type of instrument to increase its paid capital. Last September the Banco de los Trabajadores (Workers' Bank) issued 20 million dollars' worth of preferred shares.

 close (x)

Receive more news about Business and Investment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Macy's store stock clothing from US

We are offering store stock, Jobout, Customer returns women's, men's, children's clothing, accessories, shoes and many other categories from Macy's store.
Store Stock. Jobout. Customer returns. Categories: -...

Stock Indexes

(Nov 17)
Dow Jones
-0.43%
S&P 500
-0.26%
Nasdaq
-0.15%

Commodities

(Nov 20)
Brent Crude Oil
62.010
Coffee "C"
125.75
Gold
1,277
Silver
16.895