| Website | https://www.ficohsa.com/en/ |
| Headquarters |
Edificio Plaza Victoria, Colonia Las Colinas Blvd. Francia
3858 Tegucigalpa
Honduras
|
| CEO/chair |
Camilo Atala President of the Executive Board |
| Supervisor | |
| Ownership |
The Grupo Financiero Ficohsa is owned by the Atala Faraj family. |
Grupo Financiero Ficohsa was founded in 1995 and is based in Tegucigalpa, Honduras. It is a holding company that is engaged in providing mortgage, commercial and consumer lending, leasing, financial planning, insurance sales, investment banking and brokerage services through its subsidiaries. Its major subsidiary is Banco Ficohsa. The group has operations in Honduras, Guatemala, Panama, Nicaragua and the U.S.
The group has been linked to corruption by various organisations. For example, a 2017 report by Carnegie Endowment lists several corruption scandals in which Ficohsa is involved. According to Both ENDS, the bank has close ties with the country's elite, which is accused of mafia practices, corruption and violence, and Ficohsa itself is suspected of corruption.
Ficohsa's most important sustainability commitments can be found at the website sections listed below.
In its 2021 CSR report (page 25) Ficohsa mentions it made its human rights policy official in 2020, but this policy is not publicly available.
Grupo Financiero Ficohsa does not operate a complaints or grievances channel for individuals or communities that might have been affected by its finance.
This page evaluates Grupo Financiero Ficohsa's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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