G&T Continental Expands to Costa Rica and Panama

In short, Financia in Costa Rica and Banco Financia (BMF) in Panama will begin to use the Guatemalan financial company’s brand.

Wednesday, March 4, 2009


©image: G&T Continental

Both companies were already part of the G&T Continental Financial Group which is now completing the formalities to change the name with the respective supervisory authorities in Costa Rica and Panama.

In this way, G&T’s presence now covers four Central American countries by adding Panama and Costa Rica to Guatemala and El Salvador, where it was already operating.

Fernando Quiñónez said in his article in Siglo XXI that Amador Carballido, manager of the Development Banking Division of G&T Group, stated that "in Costa Rica, the Group has focused on providing loans mainly to small and medium sized enterprises, as well as companies that have great business relationships with the other nations where G&T operates in order to facilitate transactions."

More on this topic

G&T Continental Bank expands in Central America

September 2008

G&T Continental Bank's projections for next year are to conquer the financial markets of Costa Rica and Panama and to strengthen their position in El Salvador.

Flavio Montenegro, Director and President of G&T Continental, said that their main operation is in Guatemala, where the companies was born some 45 years ago, and to date they have more than 380 points of service.

Multi-million-dollar loan for Honduran company

April 2008

The Banco Financiera Comercial Hondureña S.A. (Ficohsa) and Guatemala's Banco GT Continental, together with several local banks, including Atlántida, BAC-Bamer, GTC Bank, Banco Aliado and Tower Bank, have put together a syndicated loan of 77 million dollars for Corporación Dinant.

The funds will be used for investment in plant and agro-industry. Surplus funds will be used for publicity and marketing.

G&T Continental Expands in El Salvador

December 2009

By opening its 11th branch, Grupo Financiero G&T Continental now features 600 locations in Central America.

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.

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.


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