Banco Industrial to Open in El Salvador in October

©image: Banco Industrial

Luis Lara Groject, Banco Industrial's manager, commented that the opening had been planned for May but the development of information systems took longer than expected.

According to elperiodico.com.gt the new Salvadoran branches will have $20 million worth of capital initially. Lara added that they will offer the same financial products available in Guatemala and that the bank also plans to expand into other countries. It acquired a Honduran bank in 2008 for this reason.

Source: elperiodico.com.gt

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