Banco Continental (Honduras) and Other Banks in Honduras Seek Investment

Banco Continental (Honduras) and other banks in Honduras are actively seeking investment to expand their operations and increase financial inclusion in the country.

Banco Continental is one of the largest banks in Honduras, with a strong presence in the market.

The bank is looking to attract investors to help it grow and reach more customers, particularly in rural areas.

Investors can expect a high return on investment, given the bank's stable financial performance and growing market share.

In fact, Banco Continental has reported significant profits in recent years, thanks to its efficient operations and effective risk management.

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The CNBS is handling the sale of Banco Continental's credit portfolios to four banks. These banks are expected to acquire the portfolios of agriculture, housing, consumption, and credit card loans.

The sale is part of the forced liquidation of Banco Continental, and the CNBS is now negotiating directly with the four banks. They are analyzing the offers presented by the banks and expect to make a decision within 30 days.

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The four credit portfolios being sold are valued at around five million lempiras in total. The CNBS wants to ensure that the banks acquiring these portfolios have sufficient liquidity to handle customer withdrawals.

The Department of the Treasury of the United States and the Office of Foreign Assets Control (OFAC) are not expected to intervene in the sale process. The CNBS has already spoken with OFAC and the US Department of the Treasury, and they are assured that no other banks will be affected.

The sale process is expected to be completed within 30 days, and the banks will then integrate the credit portfolios into their own systems. This will allow customers to access their account information and make withdrawals as needed.

The liquidation of Banco Continental has raised serious concerns about due process in Honduras.

The Rosenthal family, accused of money laundering, has not yet faced a judge or been tried and convicted.

The US has indicted the Rosenthals, but Honduras' attorney general has no existing investigations into the family.

The bank's closure could lead to thousands of employees losing their jobs, potentially pushing them into more informal or even criminal means of earning a living.

This is not a new phenomenon in Honduras, as seen in the case of the Valle Valle clan, where hundreds of employees found their livelihoods disappeared after their properties were seized.

Honduran authorities need to tackle corruption and crime within due process, but the country's complex web of elites and organized crime makes this a delicate task.

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The Honduran government has taken swift action to protect depositors of Banco Continental, with the Comisión Nacional de Bancos y Seguros (CNBS) canceling the bank's authorization to operate and designating it for liquidation.

The CNBS has ordered the liquidation of Banco Continental and appointed a liquidator to oversee the process. The liquidator has called on depositors to remain calm and wait for the process to be completed.

The CNBS has partnered with four banks to acquire the carteras of créditos of Banco Continental, including carteras for consumption, agriculture, housing, and credit cards. The four banks are currently in negotiations with the CNBS to acquire the carteras, which are valued at around 5 million lempiras.

The CNBS has also announced that it will reimburse depositors of Banco Continental up to 200,000 lempiras, with the reimbursement process taking place on a specific schedule. The reimbursement will be carried out through partner banks, including FICOHSA, Banco Atlántida, S.A., Banco del País, S.A., and Banco Occidente, S.A.

Here is a list of the partner banks and the corresponding letters of the alphabet for the reimbursement process:

Hasta 200.000 lempiras es el monto máximo que los clientes de Banco Continental pueden retirar.

De acuerdo con la Comisión Nacional de Bancos y Seguros (CNBS) de Honduras, este miércoles en horario de 2 a 8 pm, se procederá a devolver los depósitos de ahorro y depósitos a plazo fijo de los clientes de Banco Continental.

For more insights, see: Banco Azteca Guardadito Límite De Depósitos

Los clientes pueden retirar su dinero en los siguientes bancos: FICOHSA, Banco Atlántida, S.A., Banco del País, S.A., y Banco Occidente, S.A.

El proceso de retirada se realizará en orden alfabético del primer apellido para personas naturales y en orden alfabético de la primera letra del nombre de la empresa para personas jurídicas.

Banco Continental has landed a significant contract to structure the development of a natural gas-fired power plant in Honduras.

The project, worth 150MW, will be developed through a public-private partnership (PPP) with the help of Coalianza, Honduras' PPP promotion agency.

Banco Continental will assist Coalianza in preparing the technical, legal, and financial criteria to select a private operator for the project.

This new contract marks a significant milestone for Banco Continental in the Honduran banking sector.

The bank's expertise in structuring complex projects will be crucial in bringing this ambitious power plant project to fruition.

Coalianza's partnership with Banco Continental will help ensure a smooth and efficient development process for the e-150MW project.

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In Honduras, four banks are vying for the chance to acquire the credit portfolios of the now-defunct Banco Continental. The portfolios in question include credit cards, agriculture, housing, and consumer loans, totaling around 5 million lempiras.

The Comisión Nacional de Bancos y Seguros (CNBS) is overseeing the process, with President Ethel Deras and Commissioner Adonis Lavaire leading the negotiations with the interested banks. They've already received offers from the banks, which are currently being analyzed.

The CNBS aims to resolve the sale of the credit portfolios within 30 days, with the goal of ensuring that the banks have sufficient liquidity to handle any potential withdrawals. This is crucial, as the banks need to be able to honor the deposits of customers who may want to withdraw their funds.

The four credit portfolios being offered are valued at around 5 million lempiras, and the CNBS is looking for banks with sufficient liquidity to take on the risk. The banks will need to integrate the new portfolios into their own systems, which will take some time.

Interestingly, the CNBS has already consulted with the US Department of the Treasury and the Office of Foreign Assets Control (OFAC) to ensure that the sale process is compliant with all relevant regulations. They've assured that no other banks in Honduras will be affected by this process.

The sale of the credit portfolios is part of the liquidation process of Banco Continental, which was forced to shut down due to financial difficulties. The CNBS is working to ensure a smooth transition and protect the interests of all parties involved, including the minority shareholders of the Continental group.