An agreement between the French Development Bank and Ficohsa will facilitate the development of renewable energy projects.
Ficohsa Bank becomes the first Honduran banking institution to receive funding for projects of this nature.
"This is direct support for investments in energy, including hydro, biomass, wind, solar or geothermal power," noted an article on the website of Proceso Digital.
The OPEC Fund for International Development (OFID) and Banco Ficohsa have signed a credit line to support continued access to long-term financing by SMEs.
A press release from the OFID reads:
The OPEC Fund for International Development (OFID) and the Banco Financiera Comercial SA Honduras (Banco Ficohsa) yesterday signed an agreement for a line of $10 million credit to support continued access to long-term financing by Small and Medium Companies (SMEs) in Honduras.
The IDB approved a loan to Ficohsa Bank in order to fund renewable energy projects.
Corporations and companies will have access to the line of credit to finance renewable energy ventures.
Javier Atala, senior executive vice president and general manager Ficohsa Bank, told La Tribuna: "The green line will contribute to the financing of renewable energy projects, transformation of existing production units to more energy efficient schemes, which continue to innovate products and services for our customers according to our institutional values.”