Honduran banks afraid of government interventionThe election of former Foreign Minister Milton Jiménez as president of the National Banking and Insurance Committee, following the removal of Gustavo Alfaro, caused unrest in the banking sector.Monday, January 19, 2009 ![]() As published by elfinancierocr.com: "Alfaro was removed after presenting a report on the deposits of honduran banks in foreign entities, which, according the the Central Bank of Honduras, grew in over $200 million in 2008, causing a decrease in financial liquidity and high interest rates". Source: elfinancierocr.com Honduras: Banking profits increase 18%October 2008 During the first semester of 2008 the banks increased their earnings by 18 percent in comparison to the previous year. Banking Regulations for HondurasFebruary 2012 The Honduran Association of Banking Institutions is calling for a balance between regulation and promoting development, protesting against unrealistic regulations nationwide. Costa Rica: Banco Popular Assumes Coopemex LiabilitiesJune 2010 Bank “Banco Popular” will buy 100% of the liabilities of intervened financial cooperative Coopemex, and will put in place a trust to manage its assets. State Intervention in Times of CrisisMarch 2009 Faced with an unprecedented global economic crisis, experts discussed the role that the State should take. |
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