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Banco Atlantida S.A. (Honduras)

Main Activities: Commercial Banking
Full name: Banco Atlantida S.A. Profile Updated: February 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Banco Atlantida S.A. is a Honduran banking institution with a strong regional presence. It was founded on February 10, 1913, and initially operated in the city of La Ceiba. In August of the same year, the State of Honduras accredited Banco Atlantida as an authorized institution for the official issuance of banknotes in Honduras for 37 years. In late 1914, Banco Atlantida began its expansion process throughout the Honduran territory by opening branches in the country's main cities. In 1950, the bank underwent a transformation and entered a new era focused on innovation and diversification of services. Its objective was to create the largest banking network in Honduras and be a pioneer in financial technology and fiduciary services. Banco Atlantida is known for its trustworthiness and proximity. It serves individual consumers, small and medium-sized enterprises, and large corporations through a variety of financial products and services. The bank also offers a robust multi-channel electronic banking platform and has established a strong relationship with an extensive network of correspondent banks internationally, ensuring its clients' transactions worldwide. Currently, Banco Atlantida is the only bank in Honduras with national coverage. It has a significant market share and a relevant position in the corporate segment. The bank's network includes 185 branches, 23 self-service banking machines, and over 3,400 Atlantida Agents nationwide. These agents are present in all 18 departments of Honduras and contribute to financial inclusion by offering services in underserved areas where other banking institutions are absent. Banco Atlantida has been named the #1 financial institution in the minds of Honduran consumers for eight consecutive years, according to the annual market research study published by Estrategia & Negocios and Summa Magazine. Additionally, it holds an investment-grade risk rating of A+ (hnd) from Fitch Ratings.

Headquarters
Plaza Bancatlan Boulevar Centroamerica
Tegucigalpa; Tegucigalpa; Postal Code: 3164

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Website: http://www.bancatlan.hn

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1913
Key Executives
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President
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
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Secretary
Ownership Details
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87.25%
Company Performance
Financial values in the chart are available after Banco Atlantida 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
5.75%
Operating profit (EBIT)
-16.07%
Net Profit (Loss) for the Period
-19.24%
Total assets
15.15%
Total equity
2.56%
Total Assets Trend
8.09%
Net Interest Income Trend
-30.15%
Loans to Deposits Ratio
-2.65%
Loans to Asset Ratio
-0.14%

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