The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Nicaragua

Best Bank Banco de la Producción (Banpro)

Awards of Excellence
Latin American regional awards

Banco de la Producción

(Banpro) has focused on consolidating its leadership as the largest financial institution in Nicaragua, while becoming one of the most profitable banks in the country. At the end of December 2006, Banpro reached $830 million in assets, equivalent to 28% of the country’s total assets and 16% of its nominal GDP. Despite the uncertainty generated by the general elections held in November 2006, profits grew strongly during the year.

Net profits grew 28% compared with the previous year. The bank’s return on assets reached 2.5%, the second highest in the industry, while its return on equity, at 29.3%, was the highest.

Banpro has expanded its client base by allocating more than 50% of new loans to small and medium-sized enterprises, rising by more than four times the amount of family remittances paid through the bank, by increasing the number of remittance agencies that work with Banpro, and by obtaining more long-term funding for mortgages and for SMEs.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree