Banco de la Producción (BANPRO) is a
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
in the city of
Managua
)
, settlement_type = Capital city
, motto =
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, pushpin_map = Nicara ...
,
Nicaragua
Nicaragua (; ), officially the Republic of Nicaragua (), is the largest country in Central America, bordered by Honduras to the north, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the west. Managua is the cou ...
.
History
BANPRO was founded as a private bank in 1991 in Managua, Nicaragua. During the Nicaraguan banking crisis (2000-2002), BANPRO assumed the performing loans in
Banco Intercontinental
Banco Intercontinental (or BANINTER) was the second largest privately held commercial bank in the Dominican Republic before collapsing in 2003 in a fraud tied to political corruption.
Ramón Báez Figueroa and expansion of BANINTER
Banco Interco ...
's (INTERBANK) portfolio, while the
Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
took over control of the nonperforming loans.
Nicaragua - Banking and securities
/ref>
References
External links
Official Website
Companies based in Managua
Banks of Nicaragua
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