List of banks in Nicaragua

Last updated

The building of the Banco de America Central (BAC) in Managua. Banco de America Central, Managua.jpg
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".

Contents

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.

The following 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

Government-owned banks

Commercial banks

Foreign banks

Defunct or merged or acquired banks

Credit Unions and other Financial Institutions

See also

Related Research Articles

<span class="mw-page-title-main">Politics of Honduras</span>

Politics of Honduras takes place in a framework of a multi-party system presidential representative democratic republic. The President of Honduras is both head of state and head of government. Executive power is exercised by the government. Legislative power is vested in the National Congress of Honduras. The party system is dominated by the conservative National Party of Honduras, the Liberal Party of Honduras, and Liberty and Refoundation.

<span class="mw-page-title-main">Foreign relations of Nicaragua</span>

Nicaragua pursues an independent foreign policy. A participant of the Central American Security Commission, Nicaragua also has taken a leading role in pressing for regional demilitarization and peaceful settlement of disputes within states in the region.

<span class="mw-page-title-main">Bank of Mexico</span> Central Bank of Mexico

The Bank of Mexico, abbreviated BdeM or Banxico, is Mexico's central bank, monetary authority and lender of last resort. The Bank of Mexico is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency.

<span class="mw-page-title-main">Banco Nacional Ultramarino</span> Macau and Portugese bank

Banco Nacional Ultramarino is a Macau banking and financial services corporation. It was historically a Portuguese bank with operations throughout the world, especially in Portugal's former overseas provinces. It ceased existence as an independent legal entity in Portugal following its merger in 2001 with Caixa Geral de Depósitos, the government-owned savings bank.

<span class="mw-page-title-main">Bank of Spain</span> Central Bank of Spain

The Bank of Spain is Spain's central bank and the Spanish member of the Eurosystem and has been the monetary authority for Spain from 1874 to 1998, issuing the Spanish peseta. Since 2014, it has also been Spain's national competent authority within European Banking Supervision. It was originally established by Charles III in Madrid in 1782, as the Banco Nacional de San Carlos, and took its current name in 1856. Its activity is regulated by the Bank of Spain Autonomy Act. The bank doesn't translate its name to English but uses its Spanish name in all English communications.

<span class="mw-page-title-main">Serranilla Bank</span> Colombian-controlled uninhabited reef in the western Caribbean Sea

Serranilla Bank is a partially submerged reef, with small uninhabited islets, in the western Caribbean Sea. It is situated about 350 kilometres (220 mi) northeast of Punta Gorda, Nicaragua, and roughly 280 kilometres (170 mi) southwest of Jamaica. The closest neighbouring land feature is Bajo Nuevo Bank, located 110 kilometres (68 mi) to the east.

<span class="mw-page-title-main">Caixa Geral de Depósitos</span> Portuguese public banking institution

Caixa Geral de Depósitos (CGD) is a Portuguese state-owned banking corporation, and the largest bank in Portugal, established in Lisbon in 1876.

Banking in Nicaragua, prior to 1978, consisted of the Central Bank of Nicaragua and several domestic- and foreign-owned commercial banks. One of the first acts of the Sandinista government in 1979 was to nationalize the country's banking system, in an "attempt to promote community banking and support the rural poor".

<span class="mw-page-title-main">Central American Integration System</span> Economic and political organization

The Central American Integration System has been the economic and political organization of Central American states since 1 February 1993. On 13 December 1991, the ODECA countries signed the Protocol of Tegucigalpa, extending earlier cooperation for regional peace, political freedom, democracy and economic development. SICA's General Secretariat is in El Salvador.

The Bank of Central and South America (BCSA) was an American bank that had operations in a number of Central and South American countries between 1922 and 1925 when it failed and its assets were acquired by Royal Bank of Canada.

<span class="mw-page-title-main">1928 Nicaraguan general election</span>

General elections were held in Nicaragua on 4 November 1928 to elect a president, half of the deputies and a third of the senators of the National Congress.

Mercantil Servicios Financieros (Mercantil) is a Venezuelan holding company of financial services present in 9 countries in America and Europe. Its shares are listed on the Caracas Stock Exchange and it maintains a Level 1 American Depositary Receipt program (ADR) in the over-the-counter market (OTC) in the United States of America .

Banco Mercantil Santa Cruz S.A. doing business as Mercantil Santa Cruz is a Bolivian bank and financial services company with headquarters in La Paz. As of 2015, Banco Mercantil Santa Cruz is the largest bank in Bolivia by assets. It is a full-service corporation that provides a wide range of financial products and services to an individual and corporate client base through a national network of operating 93 branches, more than 350 ATMs, call centers, and online and mobile banking platforms.

<span class="mw-page-title-main">Paul Vinelli</span> American economist

Paul Vinelli was an Italian-American-Honduran economist and banker. He was sent to Honduras in 1949 by the International Monetary Fund (IMF) to advise the government on banking and tax legislation. He was instrumental in the creation of the Central Bank of Honduras and the National Bank for Agricultural Development in 1950. He remained working as an economic advisor to the Honduran government for six years. In future years he continued to be one of the strongest guides of Honduran economic policy.

<span class="mw-page-title-main">Banking in Panama</span>

Panama has a substantial financial services sector. The sector grew up providing trade finance for trade passing through the Panama Canal, and later evolved into money laundering for the drug trade under Manuel Noriega.

References

  1. "Evolución de la Supervisión Bancaria" (in Spanish). Government of Nicaragua. Archived from the original on 24 October 2016.
  2. Selser, Gabriela (April 25, 2019). "Nicaraguan bank sanctioned by US shuts down". Associated Press .