Aguilar Castillo Love Honduras advises Banco Ficohsa at the agreement for investment of US$ 30.0 million in its equity, signed with FMO and DEG
08/28/2007 NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN N.V. (FMO) & DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH (DEG) signed in The Hague, Netherlands, last August 17th, an agreement for the investment of US$30.0 million in the equity of Banco Ficohsa.Aguilar Castillo Love
advised Banco Ficohsa
in the transaction.
This new investment in preferred shares while strengthening the equity of Banco Ficohsa
, also incorporates to the bank's shareholder structure, as minority investors, two world class European development banks.
The current shareholders of Banco Ficohsa
confirm, by the signing of this agreement, their commitment to maintain the banks equity strength in order to ensure financially sound growth.They also confirm their commitment to continue supporting the growth of Honduras. Banco Ficohsa, member of Grupo Financiero Ficohsa, is a leading bank in the Honduran banking system with more than 72 branches and an ATM network with over 300 ATM's.Banco Ficohsa
has a Representative Office in Miami Florida, and its money remittance affiliate, Ficohsa Express
, has 15 offices in 6 states of the United States of America.