Best bank: Banco Lafise
Nicaragua’s economy suffered a rapid deceleration from the 10% growth rate it experienced in the immediate post-pandemic reopening. Political and economic volatility impacted the financial system and there was distinct evidence of a risk-off attitude to loan growth from most of the country’s main banks.
Banco Lafise wins the award as Nicaragua’s best bank because it was able to steer a successful course between taking advantage of competitors’ reluctance to build market share and ensuring that new business was profitable.
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