Fitch keeps BANPRO and BANCENTRO on Negative Rating WatchFitch maintains a Negative Rating Watch on the national ratings of the Nicaragua's Banco de la Producción, S.A., and its subsidiaries (BANPRO) and Banco de Crédito Centroamericano, S.A. (BANCENTRO) following the announcement that 395.3 million córdobas (20.6 million dollars), equal to the amount of capital and interest of the bank bonds (CENIS) that matured April 15, 2008, has been deposited in an account in the name of the Minister of Finance and Public Credit in the Central Bank of Nicaragua.Monday, April 21, 2008 The transfer of these funds from the banks that held these bonds is subject to the revocation of the judicial order that currently keeps the payments of these oblicgations suspended. Source: Fitch Ratings Centroamerica ¿Busca soluciones de inteligencia comercial para su empresa?Impoundment of Banpro Cenis liftedJune 2008 Judge Julio César Arias has decided to lift the impoundment of the Cenis securities. Nicaragua's central bank reaches deal on US$157 million Cenis debtJune 2008 Nicaragua's central bank is going to pay Banco de la Producción the US$157 million it owes over the Cenis scandal, in which millions of dollars of private debt were turned into government obligations. Nicaraguan fraud-buster sticks to his gunsApril 2008 Armando Juárez, who heads the criminal inquiry into a Nicaraguan banking fraud, said he will continue with the investigation despite claims by Central Bank governor Antenor Rosales that the matter has been resolved. Nicaragua Announces Value of Withheld SecuritiesApril 2008 The directors of the Banco de la Producción (Banpro) delivered to Judge Julio César Arias yesterday and to Special Prosecutor Armando Juárez two Negotiable Investment Certificates (Cenis) worth 16 million dollars, and a zero-coupon bond worth more than seven million dollars. They were to receive these securities between April and October of this year.
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