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Banco de Occidente S.A. (Honduras)

Main Activities: Commercial Banking | Credit Card Issuing | Consumer Lending
Full name: Banco de Occidente S.A. Profile Updated: December 11, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Banco de Occidente S.A. is a Honduran bank that was established in 1951 in the city of Santa Rosa de Copán. It was founded by a group of forward-thinking citizens who recognized the need for a banking institution in the western region of Honduras. The bank aimed to promote economic and social development in the rich and productive region of the country. For the first nineteen years of its operation, Banco de Occidente S.A. only had one office in Santa Rosa de Copán. However, due to its knowledge of the area and the agricultural and livestock activities throughout the country, it provided credit operations in the entire western region and the northern coast. The bank began expanding to other parts of the country in 1970 with the opening of a branch in San Pedro Sula. Currently, Banco de Occidente has a presence in almost all departments of Honduras, with 9 branches and 170 offices. It generates employment and meets the banking needs of each community it serves. Despite its growth in personnel and the updating of its furniture and equipment, Banco de Occidente aims to maintain its spirit of a typical small-town bank in Honduras. It emphasizes collaboration and service to both its customers and non-customers, as well as contributing to the progress of the community. The bank strives to be a driving force for economic and social development wherever it operates.

Headquarters
Colonia Las Colinas, entre bulevar Centroamerica y bulevar Francia, esquina opuesta a Diunsa
Tegucigalpa; Francisco Morazan;

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Website: http://www.bancocci.hn/

Basic Information
Outstanding Shares:
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Incorporation Date:
Key Executives
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President
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Vice President
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
Company Performance
Financial values in the chart are available after Banco de Occidente S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency HNL. Absolute financial data is included in the purchased report.
Net interest income
48.74%
Net fee and commission income
3.39%
Operating profit (EBIT)
46.57%
Net Profit (Loss) for the Period
47.5%
Total assets
12.09%
Total equity
17.43%
Total Assets Trend
-0.29%
Net Interest Income Trend
19.17%
Cost to Income Ratio
-7.87%
Loans to Deposits Ratio
11.49%
Loans to Asset Ratio
5.24%

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