The CNBS (National Banking and Insurance Commission) issued a report with data on the financial system at the end of 2022. The report highlighted the capacity of Honduran banks, with a 7.5% increase in banking assets, reaching a total of US$34,176 million.
The CNBS has published figures showing that the Honduran population has confidence in the national financial system. The level of assets indicates the size and reputation of a financial institution. This is due to responsibility, professionalism and good management of client funds. This in turn becomes a win-win situation, since a bank’s leadership in assets generates more benefits for users.
Banco Ficohsa has the most assets in Honduras according to the report, with a total of US$6.9 billion, placing the bank among the most important banks in Central America. The next largest banks in Honduras are Banco Atlántida, Occidente, BAC and Banpaís.
The CNBS publishes a list of the top-ranked banks in relation to investments every three months. The highest position in the list is for Banco Ficohsa with an investment of US$1,087 million.
Investment in Honduras is growing
In Honduras, the economy continues to progress. Investments have increased by 8.8%. The Central Bank reports that, despite the difficulties in the world, the Monthly Index of Economic Activity has shown an increase of 4.4% between January and November 2022. This improvement is due to higher both internal and external demand.
The Monthly Economic Activity Index (Imae) is a tool used to evaluate the main sectors of the economy and serve as a basis for investment decisions. According to the Central American Bank for Economic Integration (CABEI), in 2022 Honduras will have an economic activity higher than the average of the Central American region, placing it among the countries with the highest dynamism in its production.
According to the latest World Bank report, the economy is expected to improve by 2023, with an estimated growth between 3.5% and 4.5%. This trend would further improve by 2024, reaching a projected 3.7%. This coincides with the prediction made by the Central Bank.
The CNBS report shows that the Honduran banking system has a stable present and a promising future. As in many nations with strong economies, a high level of assets attracts the attention of investors and contributes to development. Therefore, it is essential that Honduran financial institutions continue to foster and nurture increased economic activity in the country as they have been doing so far.