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Private banking in Honduras surpasses $10.7 billion in assets

Private banking in Honduras completed the first semester of 2008 with assets worth $10.74 billion, with first place going to the recently merged BAC-Bamer Bank.

Wednesday, August 6, 2008

©image: upload.wikimedia.org

This was revealed in the June report of the National Committee of Banks and Insurance (CNBS) which gathers information for the Financial Institution Supervision System.

Source: proceso.hn

Key entities

National Commission on Banking and Insurance (Honduras) BAC-Bamer

Insight

assets Banking

Honduran bank assets grew 11% in 2008

February 2009

Honduran banks reported $11.3 billion in assets at the end of 2008, an increase of 11%.

The National Banking and Insurance Commission reported the results for 2008, in which Bac-Bamer Bank topped the list with $1.8 billion in assets, followed by Atlantida Bank with $1.6 billion and Ficohsa with $1.55 billion.

Panamanian Banking Industry increases assets by 35.5%

August 2008

The high yield on financial income is due to the sustained increase of 26.7% in the loan portfolio.

As of May 2008, the consolidated assets of the International Banking Center (CBI) totaled 73.7 billion Balboas, an increase of 35.5%; while on a bank-only basis, the assets continue to show a growing trend with a balance of 61.2 billion Balboas, representing an increase of 28.6%

Panama: Global Bank Corp. increases its assets

August 2008

Total assets of the corporation are at around $1.71 billion, an increase of 40%.

Selling out is not on the agenda of the directors of Global Bank Corp., which occupies the number two spot for companies with Panamanian capital, especially now that it has ended the fiscal year with good results. The company has plans to continue seeking opportunities in the region and to double its international portfolio.

Honduras Insurance Sector Biannual Report

November 2008

The Fitch Special report highlights the high level of technical and mathematical reserves, which as of June 2008 was 89% of retained premiums, the secondhighest in the region, just below Costa Rica.

At the close of the first semester of 2008, consolidated assets represented 39% of assets, a proportion which is higher than that of the other countries in the region except for El Salvador (44.5%).