November 10, 2016
Banco Lafise Bancentro grew profits by 13.3% last year, reaching $40.8 million, one of the best results in the bank’s history. The performance earned it the award for LatinFinance’s 2016 Bank of the Year Nicaragua for the third consecutive year.
The bank has consistently put up impressive numbers over the last three years, capitalizing on Nicaragua’s sustained economic growth. The economy expanded 4.9% in 2015 and has averaged 5.2% growth over the last five years.
Lafise boosted its return on equity by 70 basis points, to 24.4% in the 12 months to June. At the same time, its return on assets rose 20 basis points, to 2.6%, and its capital adequacy ratio improved to 12.4%, from 12.2% a year
Capitalizing on sustained growth in the local economy, Lafise Bancentro has lifted profitability