Nicaragua - Country Commercial Guide
Trade Fiancing

It covers payment methods and information on, banking systems, foreign exchange controls, and U.S. and correspondent banking.

Last published date: 2021-09-26

Methods of Payment:

For commercial transactions, requiring cash in advance or negotiating a letter of credit is advisable until a payment track record is well established.  Fitch (B- in June 2021), Moody’s (B3 in Feb 2020), and S&P (B- in Nov 2019) actively provide credit ratings for Nicaragua.  Collection agencies are not common in Nicaragua.  Visa and Mastercard are widely accepted in Nicaragua.  Many businesses also accept American Express.

For more information about the methods of payment or other trade finance options, please read the Trade Finance Guide.

Banking Systems:

See the Investment Climate Statement website for an overview of the financial sector.

Foreign Exchange Controls:

There are no foreign exchange controls.  See the Investment Climate Statement website for an overview on foreign currency transactions.

U.S. Banks and Local Correspondent Banks:

The banks in Nicaragua listed below have correspondent relationships with banks operating in the United States.  However, many of these relationships have been strained due to the political and economic crisis, growing international sanctions, and recent legal changes.  Reforms in 2021 to the consumer defense law effectively adds “the State” as a consumer and forces local banks to justify to the bank superintendent the denial of services to any type of user, including to “the State” and sanctioned entities.  Nicaragua is “off cover” for the Export-Import Bank of the United States (EXIM Bank).  Accordingly, EXIM Bank will not consider routine transactions for country credit reasons.

Banco de la Producción BANPRO
Centro Corporativo BANPRO, Rotonda El Güegüense 1c. al Este
+505 2255-9595
soluciones@banpro.com.ni

 

Banco Lafise BANCENTRO

Centro La Fise, Km 5 ½ Carretera a Masaya

+505 2255-8888

info@bancentro.com.ni

 

Banco de América Central (BAC)

Edificio BAC, Km 4 ½ Carretera a Masaya

+ 505 2274-4505

Banco de Finanzas (BDF)

Suc. Bolívar, Esquina opuesta Hotel Crowne Plaza, Managua

+505 2240 3000 – Ext.1

servicioalcliente@bdfnet.com

 

Banco Ficohsa Nicaragua

Edificio Ficohsa Plaza España, Rotonda El Gueguense 20 varas al oeste

+505 2255-8000

nib-atencionausuario@ficohsa.com

 

Banco Avanz

Avenida Jean Paul Genie, Edificio Avanz

+505 2223-7676

avanz@avanzbanc.com