22 dic 2025
New Commercial Bank in Honduras: Armed Forces Launch Bancofinter
In a historic move to strengthen military institutions in Honduras, President Xiomara Castro announced the creation of Bancofinter, the new bank for the Armed Forces of Honduras (FFAA).
This financial institution, operated by the Corporación Financiera Internacional (Cofinter), has been authorized by the National Banking and Insurance Commission (CNBS) following a four-year feasibility study process.
With a share capital of L966.2 million, Bancofinter becomes the sixteenth commercial bank in the country. The president emphasized that this new bank will help improve social security and the well-being of the men and women serving the nation, ensuring their financial stability.
“Today, under a government committed to democratic socialism, I am pleased to announce this historic step in support of our Armed Forces. With the creation of Bancofinter, we reaffirm our commitment to those who defend our nation every day,” President Xiomara Castro stated in her speech.
Bancofinter's main shareholders are the National Military Social Security Institute (IPM), Argos, and Funerales San Miguel Arcángel. This institution will focus on offering financial products and services to active and retired members of the Armed Forces, aiming to provide them with solid and reliable financial support.
The creation of Bancofinter raises the number of commercial banks in Honduras to 16. Additionally, another key player in the financial sector, the Compañía Financiera Sociedad Anónima (Cofisa), is in the process of converting into Banco Compañía Financiera (Bancofisa), further expanding the financial offerings in the country.
It is worth noting that this is not the first time the Armed Forces of Honduras have had their own bank. In 1979, the Bank of the Armed Forces (BANFFAA) was founded and was acquired by Banco del País (Banpais) in 2003. With the launch of Bancofinter, the Armed Forces will once again control their own financial institution.
The new bank's mission is not only to serve the financial needs of the FFAA members but also to ensure prudent financial management and a fair return for shareholders. With this new development, the Armed Forces of Honduras are making a significant step in their institutional and economic strengthening process.