Bank of the Year – Central America, Bank of the Year – Honduras 2017: Ficohsa

Bank of the Year – Central America, Bank of the Year – Honduras 2017: Ficohsa

Grupo Financiero Ficohsa increased total assets by 5.19% to $3.2 billion by the end of June 2017, equal to a 20.1% market share in Honduras’ banking sector. In January this year, Ficohsa agreed to buy the Guatemalan insurance company Seguros Alianza, following the acquisitions of Citibank’s retail businesses in Nicaragua and Honduras in March and December 2015. Customers, meanwhile, appeared to display more confidence in the bank, increasing deposits by 7.5% year-on-year at the end of June. The ratio of non-performing loans to gross loans decreased by 37.9% in the same period. After another year of solid financial gains and a continued commitment to expanding in the region, Ficohsa is agai

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