Banco de Occidente is one of the

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

s in Honduras. It is headquartered in

Santa Rosa de Copan Santa Claus, also known as Father Christmas, Saint Nicholas, Saint Nick, Kris Kringle, or simply Santa, is a Legend, legendary figure originating in Western Christianity, Western Christian culture who is said to Christmas gift-bringer, bring ...

with 170 branches nationwide.

History

The bank was founded on September 1, 1951 in the city of

, by Manuel Bueso Pineda and Jorge Bueso Arias and previously authorized by the Executive Branch of Honduras on 30 August 1951 by resolution No. 500 of the Secretariat of Finance and Public Credit. The Bank began operations with an initial capital of 100 thousand lempiras divided into a thousand shares worth one hundred lempiras each, besides incorporating deposits and the Bueso House loan portfolio, which had been functioning as a bank for a long time.Romero. 2009. página 77 In 1970 the bank began to expand, founded an agency in the city of San Pedro Sula, and in 1975 opened the first in the capital

Tegucigalpa Tegucigalpa (, , ), formally Tegucigalpa, Municipality of the Central District ( es, Tegucigalpa, Municipio del Distrito Central or ''Tegucigalpa, M.D.C.''), and colloquially referred to as ''Tegus'' or ''Teguz'', is the capital and largest city ...

References

Economy of Honduras Banks of Honduras Banks established in 1951 1951 establishments in Honduras {{bank-stub

History

See also

References