Banco Financiera Comercial Hondureña S.A.’s $35 Million Loan

Allen & Overy and BLP advised on the deal

Banco Financiera Comercial Hondureña S.A. (Ficohsa) secured a $35 Million Loan from Société de Promotion et de Participation pour la Coopération Économique (Proparco).

Proceeds will be used to finance a portfolio of Ficohsa’s projects.

Banco Financiera Comercial Hondurena S.A. offers commercial banking solutions in Honduras. The firm, led by Camilo Alejandro Atala Faraj, is based in Tegucigalpa.

Societe de Promotion et de Participation Pour la Cooperation Economique SA operates as an investment firm. The Company invests in infrastructure, renewable energies, agriculture, finance, health, and education sectors.

In US, Allen & Overy advised Proparco with a team including Sami Mir and Alejandro León.

In Honduras BLP advised Proparco with José Miguel Álvarez and Nadia Arriaga.

Involved fees earner: Alejandro León – Allen & Overy; Sami Mir – Allen & Overy; José Álvarez – BLP; Nadia Arriaga – BLP;

Law Firms: Allen & Overy; BLP;

Clients: Proparco SA;

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Author: Ambrogio Visconti.