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Awards for Excellence 2009: Nicaragua

Best Bank: Banco de la Producción (Banpro)

Banco de la Producción (Banpro) showed this year that there was still a profitable path through the financial downturn. In the past 12 months, Banpro has actively managed its portfolio and carefully focused on profitable clients – a push that resulted in a fall in its credit cards in circulation by more than 100,000. Still, in March 2009 the bank surpassed the $1 billion asset threshold.

The bank also adopted a prudent position on liquidity. This combined with a higher write-off risk and led to a decrease in the return on assets from 2.2% last year to 1.7%