Banco Nacional de Desarrollo Agrícola

What Banco Nacional de Desarrollo Agrícola does

BANADESA is the state-owned agricultural development bank of Honduras, established in its current form in 1980 with predecessor roots dating to 1950 (as BANAFOM). It operates as a public development bank supervised by the Comisión Nacional de Bancos y Seguros (CNBS), delivering specialized agricultural credit and basic banking services to smallholder producers, women-led MIPYME, cattle ranchers, irrigation-technology adopters, and public institutions. Its credit portfolio centers on six visible product lines — basic grains loans, irrigation systems, bovine genetic improvement, dairy and dual-purpose livestock, the mobile Banco Móvil Granos line tied to IHMA grain-purchasing agreements, and the MIPYME para Ellas line for women producers — all priced at a standardized 7% annual interest rate, with ticket sizes from L 150,000 up to L 5,000,000 and tenors from 9 months to 7 years (including multi-year grace periods on livestock and irrigation loans). Supporting the credit book are four deposit-account types: savings, checking, institutional accounting, and public-institution accounts.

Distribution runs through 31 branches across 17 of 18 Honduran departments, reaching approximately 120,000 producers with no intermediaries, complemented by a forthcoming transactional online banking platform (Banca en Línea) that will offer transfers, service payments, online credit requests, and live notifications under bank-grade encryption and 2FA authentication. An online credit calculator pre-quotes monthly payments and total interest without requiring branch visits or paperwork. Beyond direct lending, BANADESA has expanded into administering externally funded programs — most recently a L 86.6 million Honduras-Japan cooperation fund for socioproductive projects and a SEDESOL scholarship program for 157 Honduran students in Cuba (L 16M initial, L 45M projected by end-2026). Leadership sits with Executive President Vidal Cerrato, operating under the oversight of the President of Honduras (Nasry Asfura) and the CNBS; ownership is fully governmental with no external shareholders.

Name

Banco Nacional de Desarrollo Agrícola

Legal name

Banco Nacional de Desarrollo Agrícola

Website

https://banadesa.hn

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

State-owned agricultural development bank of Honduras providing standardized 7% credit, deposit accounts, and emerging digital banking to 120,000+ producers across 17 departments via 31 branches, while administering international cooperation and state social-program funds.

Ownership category

akta.pro rank

Product category

Agricultural Development Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

akta.pro secondary industries

Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL), SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)

Keywords

• Agricultural development banking
• Rural credit financing
• Livestock financing
• Savings and checking accounts
• Public development bank

Headquarters

HQ city

Comayagüela

HQ country

Honduras

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Agricultural Credit Products: Multiple loan products for agricultural producers including grains, cattle, irrigation systems, genetic improvement, and working capital. Interest rates of 7% annual on featured products. Loan amounts ranging from L 150,000 to L 5,000,000 with terms from 9 months to 7 years.
2. Savings Accounts: Various savings and checking account products including individual savings, checking accounts, institutional accounts for companies and organizations, and public institution accounts.
3. Service Payments: Utility payment processing including electricity (ENEE), water, telephony, and credit payments through digital channels.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

BANADESA is a public development bank providing specialized agricultural and livestock credit products (granos básicos, irrigation, genetic improvement, dairy, Banco Móvil Granos, MIPYME para Ellas) at standardized 7% annual interest rates, alongside traditional deposit accounts (savings, checking, institutional, public sector). It also processes utility and credit payments and is developing an online transactional banking platform. The bank serves small producers, women producers, cattle ranchers, and public institutions across Honduras through 31 branches in 17 departments.

Product overview

BANADESA operates as a public development bank offering a comprehensive suite of agricultural and livestock credit products alongside traditional banking services. The portfolio includes specialized production credit lines (Granos Básicos, Banco Móvil Granos, Sistema de Riego), livestock financing (Ganadería de Leche, Mejoramiento Genético Bovino), and an exclusive MIPYME line for women producers — all featuring standardized 7% annual interest rates. Supporting these credit products are deposit accounts (Cuenta de Ahorro, Cuenta de Cheques, Cuenta Contable, Cuenta para Instituciones Públicas), with an emerging digital banking platform (Banca en Línea) under development. The institution serves 120,000+ producers across 17 departments via 31 branches, positioning itself as a full-service development bank combining financing, technical assistance and financial services for Honduras's agricultural sector.

Differentiator

Problem solved

Functional benefit

Products and services

• Banco Móvil — Granos Mobile banking credit product for small producers with an IHMA agreement, offering grain production financing at a 7% annual rate, up to L 150,000, over a 9-month term. Targets smallholder farmers needing short-term working capital tied to grain production cycles.
• Crédito MIPYME para Ellas Exclusive credit line for women agricultural producers and MIPYME entrepreneurs, offering a 7% annual rate with working capital financing up to 12 months and productive asset financing up to 60 months. Amounts determined per credit policy.
• Sistema de Riego Technified irrigation credit for farms, providing financing up to L 5,000,000 at a 7% annual rate, with terms up to 7 years and a 6-month grace period. Designed for agricultural producers implementing irrigation systems.
• Mejoramiento Genético Bovino Bovine genetic improvement credit for artificial insemination and certified genetics, with a 7% annual rate, up to 7-year term and 24-month grace period. Amount subject to evaluation. Launched from Trojes, El Paraíso.
• Préstamo Granos Básicos Credit for basic grains production including corn, beans, rice, sorghum, and soy, with a 7% annual rate up to L 150,000 over a 9-month term. Targets small grain producers nationwide.
• Ganadería de Leche / Doble Propósito Dairy and dual-purpose livestock credit for dairy herds, pastures, and infrastructure, with a 7% annual rate, up to 7-year term and 12-18 month grace period. Amount subject to evaluation.
• Cuenta de Ahorro Personal savings account designed for individuals to manage their savings with the security and institutional backing of BANADESA as the state development bank.
• Cuenta de Cheques Personal checking account for mobilizing funds via checkbook with the backing of the state development bank. Targeted at individuals seeking transactional account services.
• Cuenta Contable Accounting account for institutions, companies, and organizations with legal entity status to manage accounting operations. Institutional deposit product.
• Cuenta para Instituciones Públicas Account for government entities, public sector dependencies, and public sector organizations, available in checking or savings variants. Serves the public sector's institutional banking needs.
• Banca en Línea Upcoming online transactional banking platform — BANADESA's first digital banking platform enabling fund transfers between accounts and to third parties with instant confirmation, service payments (electricity, water, telephony, credits), online credit/product requests, and live transaction notifications. Features bank-grade security with encryption and 2FA authentication, under CNBS compliance.

Quantifiable outcome

• 120k+ producers served across 17 departments
• +2 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• SEDESOL (Secretaría de Desarrollo Social)coreStrategic or Co-development Partner · 2 June 2026BANADESA signed an agreement with SEDESOL to guarantee scholarships for 157 Honduran students in the Republic of Cuba, with an initial investment of L 16 million and a projection of L 45 million by end of 2026.
• IHMA (Instituto Hondureño de Mercadeo Agrícola)minorStrategic or Co-development PartnerIHMA agreement for the Banco Móvil — Granos product, enabling small producers to access credit with grain purchasing agreements through IHMA.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• FINAGRO (Colombia): Colombia's agricultural development financing institution, providing rediscount lines and guarantees for agricultural credit. Operates with a similar development-bank mandate targeting rural producers.
• Banco de Desarrollo Rural (Banrural) Guatemala: Guatemala's principal state-linked rural/agricultural development bank, focused on small producers, microcredit, and rural savings — a near-direct functional analogue of BANADESA in a neighboring Central American economy.
• FIRA (Fideicomisos Instituidos en Relación con la Agricultura) Mexico: Mexico's federal agricultural development bank providing wholesale credit, guarantees, and technical assistance to agricultural producers — comparable as a state-owned development finance institution serving rural credit markets.
• Caja de Ahorros de Honduras (CAH): Honduran state-owned savings institution with deep rural and microfinance footprint domestically; competes directly for low-income depositors and rural credit customers within BANADESA's home market.

Broad incumbents

• Banco Agricola (El Salvador): El Salvador's largest commercial bank with deep agricultural and rural penetration; offers comparable credit and deposit products for producers, though as a private universal bank rather than a state development institution.
• Banco de Costa Rica (BCR): State-owned commercial bank in Costa Rica providing universal banking services; comparable as a Central American state-owned full-service bank with rural and agricultural reach, though broader in mandate than BANADESA.
• Banco Nacional de Panamá (Banconal): State-owned commercial bank in Panama providing a full suite of deposit and credit products; comparable in state ownership and Central American scale, though not specialized in agriculture.
• Banco de Reservas (Dominican Republic): Dominican Republic's state-owned universal bank with a significant agricultural and SME lending book; comparable in state ownership and development mandate across the Caribbean/Central American region.

Regional players

• Banco Industrial (Guatemala): Guatemala's largest private commercial bank with strong agribusiness and SME lending; comparable product overlap for agricultural credit and deposits, though serving a different country market than BANADESA.

Others

• BCIE / CABEI (Central American Bank for Economic Integration): Central America's regional multilateral development bank; a funding counterpart and partner to BANADESA rather than a direct competitor, but operates with similar development-finance and rural development priorities across the region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/banadesa
• Facebookfacebook.com/Banadesa
• LinkedInlinkedin.com/company/banco-nacional-de-desarrollo-agr-cola

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco Nacional de Desarrollo Agrícola