List of banks in Nicaragua

The building of the Banco de América Central (BAC) in Managua.

This is a list of banks in Nicaragua, including credit unions and other financial services companies that offer banking services and may be popularly referred to as "banks".

History

The two first commercial banks in Nicaragua opened in 1888. The Bank of Nicaragua (Spanish: Banco de Nicaragua), later rebranded as the Bank of Nicaragua Limited, headquartered in London and then merged with the London Limited Bank of Central America, and the Mercantil Agricultural Bank (Spanish: Banco Agrícola Mercantil) that went bankrupt for non-payment of their debtors.

In 1911, the Government of Nicaragua granted a concession to the investment bank Brown Bros. & Co. from New York in order to establish a banking corporation with shared ownership, both from the Republic of Nicaragua and the North American bankers, which would operate under the laws of the United States of America.

Next year, the National Bank of Nicaragua, Incorporated (Spanish: Banco Nacional de Nicaragua, Incorporado) opened its doors in the capital city of Managua. In addition to regular banking services, the National Bank of Nicaragua was the only bank authorised to issue banknotes for the Republic of Nicaragua.^[1]

List of banks

Central bank

• Central Bank of Nicaragua

Government-owned banks

• Banco de Fomento a la Producción (Produzcamos)

Commercial banks

• Banco de América Central
• Banco de Finanzas
• Banco de la Producción
• Banco Lafise Bancentro

Foreign banks

• Citi, United States of America
• Banco Procredit, Germany

Defunct or merged banks

• Banco del Café

Credit Unions and other Financial Institutions

• Caja Rural Nacional (CARUNA)
• Financiera FAMA

See also

• Banking in Nicaragua

References