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Banco_Finanzas

Sector: Residential • Location: Nicaragua

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_Banco de Finanzas (BdF or the Bank) was founded in 1992 as a privately-held bank. With assets of $386 million and equity of $37 million as of March 2007, BdF is the leader in housing loans with a 38% market share, ranking 4th and 6th among private banks in terms of total loans and total assets, respectively. The Bank’s strategy is focused on retail and SME lending. BdF provides mostly mortg

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The project “Banco Finanzas” is an infrastructure initiative in the Residential sector, located in Nicaragua. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

_x000C_Banco de Finanzas (BdF or the Bank) was founded in 1992 as a privately-held bank. With assets of $386 million and equity of $37 million as of March 2007, BdF is the leader in housing loans with a 38% market share, ranking 4th and 6th among private banks in terms of total loans and total assets, respectively. The Bank’s strategy is focused on retail and SME lending. BdF provides mostly mortgage and consumer lending. Mortgage lending is mostly residential and on a national scale. BdF is mostly a lending institution. The project consists of a: - a $15 million senior secured loan BdF to support the expansion of the middle to low income mortgage market in Nicaragua; - a MSME loan of up to $5 million, and - a trade finance Line of $3 million.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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