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3 stories in #banadesa · Radio Cadena Voces Rcv
Clear filtersBanadesa Saddled With L3.8 Billion in Overdue Loans
The National Agricultural Development Bank (Banadesa) faces overdue loans totaling nearly L3.8 billion—about 50% of its portfolio—including decades-old credits, limiting its financial sustainability and requiring a debt-recovery strategy.
Radio Cadena Voces (RCV)Read in EnglishLeer en EspañolPublished on Honduras Daily · Sep 16, 2026#banadesa#agricultural-credit#loan-defaultBanadesa Accused of Steering Loans to Connected Borrowers
Internal documents from the agricultural development bank Banadesa reveal a July 2026 credit committee meeting convened for only three loan applications totaling L31.7 million (about $1.27 million), including L7.8 million (about $312,000) to a man with political and family ties to the bank's president.
Radio Cadena Voces (RCV)Read in EnglishLeer en EspañolPublished on Honduras Daily · Aug 19, 2026#banadesa#lending#corruptionBANADESA Chief Put Relatives in High-Paying Jobs, Report Says
A payroll review shows at least seven officials with family or close ties to BANADESA president Héctor Vidal Cerrato Zelaya were hired recently in key roles, earning a combined 462,316 lempiras (about $18,500) monthly, prompting nepotism allegations amid farmer complaints about financing access.
Radio Cadena Voces (RCV)Read in EnglishLeer en EspañolPublished on Honduras Daily · Jun 30, 2026#banadesa#nepotism#state-bank