G&T Continental Expands in El Salvador

©image: www.gytcontinental.com.gt

The new Salvadoran branch is located at Shopping Mall Aventura Plaza, and will offer services in financing, investment, treasury, commerce, cash management and corporate and individual advising.

"With the new branch, the bank now employs 159 people in the country", reported Laprensagrafica.com.

Source: laprensagrafica.com

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G&T Continental to Invest $15 million in El Salvador

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.

G&T Continental Bank of Guatemala will issue preferred shares

June 2008

On Tuesday Guatemala's Monetary Committee was advised of the request of G&T Continental Bank to issue a series of preferred shares for 70 million dollars at a fixed interest rate.

G&T is the second financial group within the past year to use this type of instrument to increase its paid capital. Last September the Banco de los Trabajadores (Workers' Bank) issued 20 million dollars' worth of preferred shares.

G&T Continental Expands in El Salvador

October 2010

The Guatemalan financial group plans to open 27 new branches next year in El Salvador.

Flavio Montenegro, General Manager, told Prensa Libre the group already has 23 branches, with the new openings it will consolidate presence in Salvadoran market.

"First, we will consolidate in El Salvador and then will start working in the other markets (Central America)," added the executive.

IDB Loans $70 Million to Banco G&T Continental

January 2010

The loan to the Guatemalan bank aims to finance import and export operations.

Within the Trade Finance Facilitation Program (TFFP), the Inter-American Development Bank (IDB) granted Guatemalan Bank G&T Continental $70 million.

Flavio Montenegro, G&T CEO, remarked: "This transaction strengthens our trade operations and supports the economy of Guatemala, as it increases the funding available for our nation's industries".