Honduran authorities have approved an operating license for Procredit bank, of mixed German and Dutch capital, government regulators said Tuesday. The National Banking and Securities Commission approved the license for Procredit to become the ninth bank operating in the country.
The bank is owned by Germany-based ProCredit Holding AG and the DOEN Foundation of the Netherlands, with paid-in capital of 13.3 million dollars.
It plans to concentrate on lending to medium, small and microbusinesses in Honduras.
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