- Paying the bills -

Private Capital in Nicaraguan State Bank


(TODAY NICARAGUA)  Investment groups interested in buying shares of Banco Produzcamos have until June 30 to submit their bids.

As announced by the Nicaraguan government in April , about 60% of the shares of the state bank Produzcamos will be sold to private entities, who will have time to present their proposals for purchase up until June 30, according to the notice published in the La Gaceta, Official Journal No. 103 of June 4, 2015.

- payin the bills -

Elnuevodiario.com.ni reports that “… In the ministerial agreement No. 10-2015, the Ministry of Finance authorized the board of Produzcamos to develop a process to transform the bank into a corporation of mixed nature, authorizing it to issue shares and to allow for the incorporation of private partners. Up until December 2014 the state financial institution had $116 million in liquid capital, a loan portfolio of C $1.251 billion and investments of C $2.861 billion. ”

“… Wálmaro Gutierrez, chairman of the Committee on Production, Economy and Budget, of the National Assembly, noted that with private sector participation Banco Produzcamos would have more resources for granting loans. ”

See here the publication in the La Gaceta .

- paying the bills -

Related Articles

“Ortega Not a legitimately elected president, but the jailer of an entire nation”

TODAY NICARAGUA - In an opinion post this January 10, 2022,...

Nicaragua, the new springboard to the US that Cubans are betting on regardless of cost

TODAY NICARAGUA  (La Prensa) The free visa for Cubans to enter...


- 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.