History and Evolution
The story begins in 1958 with the arrival of a man with a very clear purpose in life: to transcend from the business and human point of view. He dreamed of laying the foundations of a thriving business and impacting people’s lives in a meaningful way. For him, both goals were equally important.
Mr. Juan Atala, a visionary man who came to Honduras, began his business career in the timber industry, focusing on importing timber and timber products. He always accompanied his business efforts with a strong social commitment, especially in education, an element that would mark the history of the group in a particular way.
In 1994, Mr. Juan, together with his wife Mrs. Toya Atala, and his children, founded Banco Ficohsa, thus initiating our incursion into the financial world. During the first decade, the group’s efforts were focused on Honduras and here we diversified our activities, venturing into the insurance sector and creating the Ficohsa Foundation, shaping Mr. Juan’s dream. In the following years, we also expanded into other non-financial businesses.
In 2011, a new phase of expansion began in Central America, covering banking and insurance businesses. This expansion led us to cross borders, and today we have operations in Honduras, Guatemala, Nicaragua, Panama, El Salvador, and the United States.