BANADESA

BANADESA, or the National Bank for Agricultural Development (Spanish: Banco Nacional de Desarrollo Agrícola), is a financial development bank in Honduras.

It is an autonomous institution of the State of Honduras and its aims are to promote development in the country and provide access to credit for entrepreneurs and livestock and cattle farming, among others.

It was founded on February 16, 1950, under the name BANAFOM or National Development Bank of Honduras (Spanish: Banco Nacional de Fomento de Honduras) and opened on the first of July of the same year.

Honduran president Juan Orlando Hernández appointed Carlos Noe Ramirez as the new manager in August 2015.

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