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Honduras: Ficohsa Bank Offers 10% Financing

Ficohsa Bank announced that it will offer loans for projects at a rate of 10% with 7 year terms and a 3 year grace period.

Friday, March 13, 2009

©image: ficohsa.com

The funds are coming from credit lines with BANHPROVI (Honduran Production and Housing Bank), and are oriented toward the growth of the country’s productive sector.

According to latribuna.hn, appropriations were earmarked for "urbanization and housing construction projects, and the construction of multiple commercial properties," among others.

Source: latribuna.hn

Key entities

Banco Hondureño de la Producción y la Vivienda Banco Ficohsa

Insight

loan credit for construction line of credit industry credit corporate credit loans Infraestructure & Construction Infrastructure and Construction Real Estate Banking Finance

Ficohsa Bank Opens New lines of Credit

June 2009

To support the economic sector of Honduras, Ficohsa Bank is opening new financing options with funds from Banhprovi.

The funds from the Honduran Bank for Production and Housing (Banhprovi) that are available through lines of credit at Ficohsa Bank are designated for urbanization and housing construction projects as well as for the construction of commercial real estate for farming or industrial distribution centers, among others.

Honduras: Expands Loans for Housing

May 2009

People owning a home can now opt to finance a second home.

Stimulation of the construction industry is sought by making the requirements for accessing the funds of the Banhprovi trust more flexible.

Reynaldo Yanes wrote in Laprensahn.com: "Of the 10 billion Lempiras ($529 million) which the Banhprovi trust has, up to 4 billion ($212 million) will be invested to stimulate the construction industry in both the public and private sectors by way of a rediscount through the banking system."

Salvadoran Banking Loan Less for Construction

January 2012

Financial institutions lent 15% less for building houses in 2011, complained the Chamber of Construction.

The Salvadoran Chamber of Construction Industry (Casalco) reported that the portfolio of loans for housing construction experienced a decrease of 15% in 2011, as banks only granted $113.9 million.

Honduras: $45 million line of credit for Ficohsa

October 2008

The Netherlands Development Finance Company (FMO) and the German Investment and Development Company (DEG) granted a line of credit to Ficohsa Bank for $45 million, official sources reported.

The funds from this credit will be used by Ficohsa Bank to strengthen its strategy of diversifying its loan portfolio for the Housing, Agro-Industrial, Industrial and Small and Medium Businesses sectors, they explained.

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