- Paying the bills -

Nicaragua State Bank Will Be Of Mixed Capital


TODAY NICARAGUA – The government of Nicaragua has authorized the issuance of shares of the Banco de Fomento a la Producción to incorporate private partners to the entity and turn it into a joint venture.

It is projected that the private sector obtain up to 60% of the shares and the State the rest. Until February 2015 the credit portfolio of Banco de Fomento reached US$1.2 billion, according to data from the Superintendency of Banks and Other Financial Institutions ( Superintendencia de Bancos y Otras Instituciones Financieras  – Siboif).

- payin the bills -

Wálmaro Gutierrez, chairman of the Committee on Production, Economy and Budget (Comisión de Producción, Economía y Presupuesto), told Elnuevodiario.com.ni that “… the objective is to also engage the private sector, which is the largest sector … for more funding, more resources for placement of loans to the agricultural and tourism sectors and small and medium enterprises. ”

The president of the Superior Council of Private Enterprise (Consejo Superior de la Empresa Privada), José Adán Aguerri, said “what is being sought is an alternative to spur investment and the Government decided that this was the alternative, return it to a private bank. ”

Source: Elnuevodiario.com.ni

Related Articles

Student Leader Forced to Sign Apology Letter to Daniel Ortega to be able to leave Nicaragua

Q24N (Confidencial) The worsening police harassment pushed former student leader Justina...

Nicaragua’s Miss Universe Title Win Exposes Deep Political Divide

Q24N (VOA) Nicaragua's increasingly isolated and repressive government thought it had...


- paying the bills -

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.