Honduran banks afraid of government intervention

The 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".

More on this topic

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.

President of the National Banking and Insurance Commission (CNBS), Gustavo Alfaro, reported that the banks in Honduras are solid and that the financial crisis in the United States has not had any immediate effect on the national system.

Banking Regulations for Honduras

February 2012

The Honduran Association of Banking Institutions is calling for a balance between regulation and promoting development, protesting against unrealistic regulations nationwide.

The Honduran bank said existing regulations are "very strict" and has called for a balance between regulation and promoting development, taking into account local characteristics reported Tiempo.hn.

Costa Rica: Banco Popular Assumes Coopemex Liabilities

June 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.

The announcement was made by Gerardo Porras, General Manager at Banco Popular. He noted that the operation should be completed no later than June 10.

State Intervention in Times of Crisis

March 2009

Faced with an unprecedented global economic crisis, experts discussed the role that the State should take.

Should the state intervene more in economics issues? Should governments take more control of the market?

These are some of the questions that were discussed at a forum organized by the National Foundation for the Development of El Salvador (Funde), whose results were collected by El Diario de Hoy.

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