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Banco Popular

Equity : May 2010

Banco Popular is a Bank specialized in micro and small businesses in Honduras.

Amount

€ 1,364,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Financial inclusion

Beneficiary locations

Latin America and Caribbean: Honduras

Investment field

Financial Institutions

Activity

Microfinance Institution

Organisation

Banco Popular

Domicile

Honduras

More investments in

Banco Popular

  • Equity € 1,559,546.70 (2022)
  • Subsidy € 10,223.00 (2022-2023)
  • Subsidy € 12,508.00 (2021-2022)
  • Debt € 4,494,000.00 (2019-2023)
  • Equity € 121,408.00 (2017)
  • Equity € 200,374.59 (2015)
  • Equity € 1,357,000.00 (2007)

In 2010, BIO participated together with IFC, ACCION INV, FMO and BCIE in a buyout and recapitalization of the bank, designed to:

  1. facilitate the turnaround of the bank by creating a coherent and cohesive shareholder and Board structure.
  2. meet new capital requirements.
  3. reduce the bank’s exposure to a risky second floor portfolio.
  4. support the largest and pioneer microfinance bank in Honduras.

Development impacts

  • Local economic growth

    The core business is microfinance and SME loans (both together account for 42% of the portfolio) and the institutional clients business (45% of the portfolio).

  • Financial inclusion

    Popular’s principal products are: (i) Credit products: working capital loans, home improvements, fixed assets loans, seasonal loans, credit cards for both micro and SME clients, and remittances; and (ii) Savings and deposits specially targeted to micro clients.

Read impact and news about this project

BIO raises its stake in Banco Popular

News

BIO raises its stake in Banco Popular

27-10-2022

BIO raises its stake in Banco Popular, the biggest microfinance institution in Honduras, to 26.60% in shareholder reshuffling.

Read more

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