Arturo Arana Banking mortgage financing Asociación de Bancos Privados Bank of Production S.A. (Nicaragua) Economics Instituto Nicaragüense de Seguridad Social Inter-American Development Bank Nicaraguan Foundation for social and Economic Development Real estate loans access to credit consumer credit credit cards credit contraction credit-crunch

Arturo Arana
in Central America

Key entities

Arturo Arana Asociación de Bancos Privados Bank of Production S.A. (Nicaragua) Instituto Nicaragüense de Seguridad Social Inter-American Development Bank

mortgage financing

May 09 | Agreement to Build Low-Cost Housing in Nicaragua

Dec 08 | Financial crisis starting to affect Nicaraguan Banking

Agreement to Build Low-Cost Housing in Nicaragua

Friday, May 15, 2009

At least 3 Nicaraguan banks obtained a loan of $10 million each from the INSS to finance low-income housing projects.

The president of the Association of Private Banks of Nicaragua (ASOBANP), Arturo Arana, told Prensa.com that the agreement with the Nicaraguan Social Security Institute (INSS) “had already been approved and 'I think that several banks already have it. They are going to finance low-income housing with Social Security funds'."

Financial crisis starting to affect Nicaraguan Banking

Wednesday, December 17, 2008

The effects are already visible, there is a strong reduction in the credit for housing and vehicles, as well as a restriction of credit cards.

This was confirmed by representatives of the sector, after participating in presentation of the fourth report on the economic situation by the Nicaraguan Foundation for Economic and Social Development, Funides.

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