PROJECT

Projects

Summary of Investment Information

Project Number

32992

Company Name

Banco Financiera Centroamericana S.A.

Date SPI Disclosed

Apr 26, 2013

Country

Honduras

Region

Latin America and the Caribbean

Projected Board Date

May 27, 2013

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : May 29, 2013
Signed : May 31, 2013
Invested : May 5, 2015

Sector

Commercial Banking - General

Project Description

Banco Financiera Centroamericana, SA (FICENSA) was established in 1974 and since inception has focused on financing the corporate and middle market sectors in Honduras including key agribusiness operators. Ficensa''s conservative business model, has enabled it to weather the recent financial crisis and show consistent profitability. It is the 8th largest bank in loan portfolio (3.3% market share) and the 11th in deposits (2.5% market share) out of 17 commercial banks in Honduras.

The proposed investment project entails a straight senior loan US$ 15 million and a US$ 6 million trade line to be used to grow the small and middle market loan portfolio.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation