The Superintendency of Banks and Other Financial Institutions of Nicaragua has authorized Banco Corporativo to carry out financial intermediation activities in the country.
The entry of a new financial market participant is received favorably by other banks, provided that "... competitors receive the same conditions. 'Under these paramenters I do not see any problem' ...", mentioned Laprensa.com.ni Juan Carlos Samson, manager of BAC Credomatic.
Banco Industrial has announced that it is prepared to start operations in Panama's financial center in the first quarter of 2015.
The Bank which is of Guatemalan origin, and which already has a presence in Honduras and El Salvador, is preparing to open its offices in Panama City, driven by the economic growth there.
Diego Pulido, manager of the company, told Elperiodico.com.gt "...
With four wind farms set up in the department of Rivas, the country is exploiting only 23% of a potential of 800 megawatts.
Although $417 million has already been invested in the construction of new wind farms in the country, there is still ample room to install more and take advantage of this kind of renewable energy generation.
"Nicaragua is a viable country in Central America for the development of wind energy, but only 23.2% of a potential of 800 Megawatts is being exploited, with four plants installed in the department of Rivas, according to the country's energy sector."
The farms to be auctioned, property of the defunct Banco Corporativo SA, are located in Namasigue and Marcovia, Choluteca.
Included in the lot to be auctioned is a packing plant, located in San Lorenzo, Valle.
William Chong Wong, finance secretary, said he hopes the auction will be carried out early next year.
"In total it amounts to 919 hectares of farm land, and 29.82 hectares that make up the shrimp packing plant, which has a processing capacity of 80.000 pounds per day of this crustacean.
Banrural requested permission from the Florida Financial Regulation Office and the Federal Reserve to set up an office in Miami.
"If the request is granted, Banrural will become the second bank from CA to have an office in the US," said Friedhoff, a partner at the Fowler White Burnett P.A. law firm in Miami.
According to the lawyer, the Guatemalan bank has taken this step in order to provide direct services to Guatemalans residing in the US, including remittances, and the export and import business, now that Guatemala forms a part of CAFTA.
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