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Banco Cathay
During 2010, the bank plans to open 4 new offices.
“This new office aims to increase the number of deposits from the public, which grew 40% during 2009. Banco Cathay was funded in 1998”, reported El Financiero.
Source: elfinancierocr.com
More on this topic
June 2008
Driven by fierce competition, public and private banks are carrying out aggressive expansion plans this year.
Seven banks and the Mutual Group have announced that they will open at least 84 branch offices or agencies.
The most ambitious plans are those of the Banco de Costa Rica and Banco Popular, each of which is planning to end the year with 20 new branches.
January 2012
Only the Banco Popular plans to open ten new offices, the rest have plans from only one or two openings.
For the banks Nacional BCR, BCT, Lafise and others, it will be a year of moderate growth and their plans will be to participate in new developments or strategic communities.
January 2012
The Rural Development Bank plans to open 21 branches in Honduras, investing $40 million.
Guatemalan banks are expanding into Central America. This time it is the Banrural, which has plans to open 21 branches in Honduras after obtaining permission from the authorities.
"The two largest banks in Guatemala have crossed the border and are competing for the Central American financial market, setting up operations in El Salvador, Honduras, Costa Rica and Panama; now they are being joined by the Rural Development Bank (Banrural) which has decided to enter Honduras and in the long term is also interested in expanding into El Salvador", reports ElPeriodico.com.
June 2011
As part of its expansion plan, the bank will invest in the construction of five new branches.
The recent opening of branch number 21 on the Gran Via is part of the plan.
General manager Roberto Silva informed the media that another branch in the downtown area of San Salvador is also scheduled to be opened.
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