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NameBolsa de Valores de Nicaragua (BVN)
CountryNicaragua
Number of listed companies4
Domestic market capitalization1,264 million US$
SSE Partner ExchangeYes
Has annual sustainability reportNo
ESG reporting required as a listing ruleNo
Has written guidance on ESG reportingNo
Offers ESG related trainingYes

In 2022, BVN provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC. (source)

Market covered by sustainability-related indexNo
Has sustainability bond listing segmentNo
Has SME listing platformNo
Women on boards mandatory minimum ruleNo
Additional information
Organizational model of stock exchange

For Profit

Regulatory bodies

Superintendency of banks and other financial institutions

Regulatory model

Limited exchange SRO

About the stock exchange

The Nicaragua Stock Exchange (BVN) is the result of an initiative of the Nicaraguan private sector founded with the objective of promoting the development and modernization of the Nicaraguan financial system, within the framework of a market liberalization process undertaken since 1990. The first stock market operations in the history of Nicaragua were carried out on January 31, 1994. The Nicaraguan Stock Exchange is the only organized securities market that exists in the country and that guarantees the transparency and security of the operations of purchase and sale of securities. This institution is a private limited company, founded by the majority of private banks, and by solid business groups representing different sectors of the national economy. The Nicaraguan Stock Exchange offers investors and issuers of securities, residents and non-residents in our country, an efficient platform to carry out their operations within the framework of a completely free and open economy abroad. The Stock Exchange is a company that registers and authorizes securities issues to be traded through accredited Stock Markets, develops securities trading mechanisms, supervises the execution of securities transactions, regulating their success, and reports on transactions. that are carried out within it and promote the Nicaraguan stock market. The Nicaraguan Stock Exchange is a market full of opportunities for investors and issuers of securities. The main characteristics of this market are the following:

  • In the BVN, fixed income financial instruments are traded with high yields in dollars and in local currency indexed to the dollar.
  • There is no type of restriction on inflows and outflows of foreign capital flows.
  • The custody and settlement of securities is specialized.
  • There is an effective regulatory framework on trading activity.
  • There is a wide network of established stock exchanges, with international relations and in the Central American region.