julio 22, 2024

Camilo Atala Faraj: Banking plays a fundamental role in the country’s growth


Camilo Atala Faraj, President of Ficohsa Financial Group, firmly believes that banking plays a fundamental role in the country’s growth, as it strengthens the productive sector by generating opportunities for all.

Ficohsa is committed to investing in human capital and investing in education programs so that Honduran children have a better chance of completing their studies, thereby reducing crime and achieving more competitive economies.

Atala wants Ficohsa to specialize in serving SMEs, which represent a source of jobs for the future. «Ficohsa represents for SMEs to have access to a wider market, thanks to its presence in several countries».

Camilo Atala Faraj: Business sector must generate changes for society

As a banker with extensive experience, he explains the importance of the business sector to generate the changes required by society to contribute to the growth of the country, for which it is essential to know the market and its needs.

Ficohsa executes growth strategies that adapt to the needs of its clients, an action that has allowed it to achieve its proposed objectives. «We are committed to Honduras, offering our clients effective and innovative financial solutions,» said Camilo Atala Faraj.

Camilo Atala Faraj’s way of thinking has allowed Ficohsa Financial Group to position itself as the largest financial institution in Honduras and among the ten most important in Central America.

Ficohsa Group sees its regionalization process as an opportunity to help companies do more and better business inside and outside the country.

Strengthening small and medium-sized enterprises

For Atala Faraj, it is of utmost importance to strengthen business banking, with emphasis on small and medium-sized companies, which represent more than 70% of the economically active population and more than 40% of the country’s Gross Domestic Product.

Ficohsa is a company that promotes children’s education, opening preschools in Honduras, Guatemala, Panama and, recently, Nicaragua. It is also one of the main sources of financing for housing.

As a consolidated group, it will continue to strengthen the productive sector, expanding the business into new areas and strengthening existing sectors, such as SME and consumer banking.