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The loan allocated by Proparco to Lafise Bancentro, the second largest bank in Nicaragua, will support the export sector for Nicaraguan products and in particular the country’s SMEs.
Client presentation

Banco Lafise Bancentro (“Lafise”) is the second largest bank in Nicaragua in terms of assets. The bank is the main subsidiary of Lafise Group, one of the regional leaders in the field of financial services, with operations in 11 countries in Central America and South America. Banco Lafise Bancentro started its operations in 1991, under the name Banco de Crédito Centroamericano, S.A.

Project description

The project involves a USD 30m loan to Lafise, which is more broadly part of a USD 100m DPR (Diversified Payment Rights) program arranged by Crédit Suisse. 
Proparco’s financing will promote the export sector for Nicaraguan products and in particular the country’s SMEs.

Project impact

The project involves a USD 30m loan to Lafise, which is more broadly part of a USD 100m DPR (Diversified Payment Rights) program arranged by Crédit Suisse. 
Proparco’s financing will promote the export sector for Nicaraguan products and in particular the country’s SMEs.

26/07/2019
Date of signature of the project
Nicaragua
Location
Financing tool
26 959 022 Euros
Amount of funding
USD 30m loan
Financing details
Banco Lafise Bancentro
Client
CES