Home » The Largest Financial Entity in Nicaragua Announces Merger with Finance Bank

The Largest Financial Entity in Nicaragua Announces Merger with Finance Bank

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The Largest Financial Entity in Nicaragua Announces Merger with Finance Bank

The largest monetary entity in Nicaragua, Production Bank (Banpro), has introduced its merger with Finance Bank (BDF), owned largely by Panamanian businessman Stanley Motta. The information of the merger was confirmed in a press release launched on Monday.

While the particular causes for the merger and the phrases agreed upon by Nicaraguan businessman Ramiro Ortiz and Motta stay unclear, a brand new monetary consortium known as Nueva Tenedora Banpro has been fashioned to supervise each entities.

Both banks will proceed to function as standard below the brand new possession construction.

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