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 is considered one of the largest in Central America, and with assets exceeding $4.747 million, it serves more than 1.7 million customers and has more than 3,600 service points in the region, in countries like the United States and neighboring Guatemala, Costa Rica and Panama", reported an article in Elmundo.com.sv.
Source: elmundo.com.sv
More on this topic
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.
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 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.
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.
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