Press Releases
print

IFC, Banco Atlántida Help Small, Medium Enterprises Gain Access to Financial Services


In Lima, Peru:
Clara Ugarte Perrin, IFC
Phone: +511 611 2501
Email: cugarteperrin@ifc.org

In Tegucigalpa, Honduras:
Ildoira Bonilla, Banco Atlantida
Vice President, International Business
Phone:  504 232 2854
Email:
ibonilla@bancatlan.hn

Tegucigalpa, Honduras, October 26, 2011—IFC, a member of the World Bank Group, and Banco Atlántida signed an agreement to develop the bank’s small and medium enterprise banking business, an initiative that promises to promote economic growth and job creation in Honduras.

Supported by the Netherlands-IFC Partnership Program, the project is expected to result in more than $30 million in funding to SMEs over five years.

Since 2010, IFC and Banco Atlantida have partnered to improve the bank’s effectiveness—reducing loan processing time by 25 percent, increasing the number of staff dedicated to SMEs by 50 percent, and developing new products and processes for three SME segments.

"With IFC’s support, we are implementing a more holistic strategy, reaching the SME segment and developing high-quality products and services for increasingly demanding customers,” said Guillermo Bueso Anduray, CEO of Banco Atlántida. “In the second phase of the project, we expect to strengthen our capacities to expand our SME operations and become the Honduran leader in this market niche.”

Dan Shepherd, IFC Program Manager, Advisory Services in Latin America and the Caribbean said, “Helping SMEs increase their access to financial markets is a priority for IFC in Honduras as they play an important role in the local economy,”. “As a partner, we will continue to assist Banco Atlántida in growing and improving its financial-service offerings to small and medium businesses, leading to increased economic opportunities for low-income groups in the country.”

IFC’s Advisory Services business in Honduras is currently also helping three other financial institutions diversify their product portfolios, improve efficiency, reduce costs, and strengthen risk management and corporate governance practices.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving our investments to an all-time high of nearly $19 billion. For more information, visit www.ifc.org.

About Banco Atlántida
Established in 1913, Banco Atlántida (Bancatlán) is the oldest and the biggest Honduran bank in terms of assets, portfolio, deposits, and profitability, serving individual consumers, as well as small and large enterprises with a full range of banking and financial services. With the use of innovative technology and world-class standards, the bank provides over 400,000 customers with industry-leading products and services, and offers unparalleled convenience in Honduras through the largest network of branches in the country. For more information, visit www.bancatlan.hn.

Stay Connected
www.facebook.com/IFCwbg
www.twitter.com/IFC_org
www.youtube.com/IFCvideocasts
www.ifc.org/SocialMediaIndex