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Latin America Investment News on Viva Tropical

Private Banking Earnings Up 46% in Honduras

Article Summary:

Honduran private banks are one of the most profitable activities in the country. These banks reported profits in excess of 1,034.3 million lempiras in the first quarter of 2012, a 46.7% increase over the previous period the year before.

Original Article Text From El Heraldo via Google Translate :

Private banking earnings increased 46.7% in

The intermediation of resources is one of the most profitable activities in Honduras. Private banks reported profits totaled 1,034.3 million lempiras in the first quarter of this year, up to 705 million the same period in 2011. This was revealed preliminary figures released by the National Banking and Insurance (CNBS) on its Web site.

In nominal terms, the increase in profits is 329.3 million lempiras, and 46.7 percentage points in value. Bank profits were 2,826.8 million lempiras in 2011 and Ficohsa institution ranked as the most profitable, registering 535.3 million lempiras.

Positions
Western banks, Ficohsa, BAC, Atlantis and Banpaís concentrate most of the profits, accumulating 743.5 million lempiras, higher than the 565.3 million the same period last year. The first ranking position belongs to the West, with 179.9 million lempiras, increased to 114.4 million last year.

The second is to Ficohsa, with 163.5 million lempiras, up from 120.8 million d from January to March 2011. The third position is for BAC with 160 million lempiras, up from 111.8 million last year.

Link to Original Article:

From El Heraldo

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