Banco Atlantida S.A.
Region
Commitment (MNOK)
Status
Banco Atlántida was founded more than 100 years ago and is currently the largest bank in Honduras with a market share of 20.3% of the loan portfolio, 21.3% of deposits, 19.6% of capital, and 21.1% of profits. The bank’s loan portfolio split is 77% in business loans and 23% in personal loans. Of the business loans, 36% are SME loans and 64% are corporate loans. It is the only bank in Honduras with national coverage, with a network that includes 188 agencies, 24 auto banks and more than 800 agents. In addition, the bank promotes financial inclusion through the “Atlántida Agents” with service points in areas neglected by other banking institutions. It is rated B+ by Fitch and BB- by S&P Global, equivalent to the sovereign rating.
Key information
- Sector:
- Financial Inclusion
- Commitment (MNOK):
- 141.8
- Year:
- 2022
- Region:
- Latin America
- Country:
- Honduras
- Domicile:
- Honduras
- Instrument:
- Loans
- Status:
- Active
- Mandate:
- Development
Additionality Banco Atlantida S.A.
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in the most capital constrained markets
- Investing in the riskiest markets
- Investing in sectors with high development needs
- Investing in high risk instruments
- Improving social and environmental performance