According to information from the Superintendency of Banks (SIB), in 1999 there were 38 banks operating in the country, dropping to 18 in 2010. In contrast, sector earnings rose 1736.7%.
Bankers and financial analysts agree today that the financial system is stronger.
Journalist Fernando Quinonez, from Sigloxx1.com, on his article reports statements from the CEO of G & T Continental Bank and former president of Banco de Guatemala (Banguat), Federico Linares, "...the country will continue to operate with the same number of banks, the sector has been very demanding in lending, remember that only about 5 years ago it was enough for individuals to only have a guarantee in order to get a loan, but now, in addition, we analyze payment capabilities."
Source: sigloxxi.com
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April 2010
“Banco Nacional” (BNP) postponed until May 7 the bidding process for supplying it with an integral banking management system.
The bank was expected to receive the proposals today, but decided to push the date back because the bidding rules were modified.
BNP explained that the new dates are intended to give suppliers more time to collect the required information and bid for the contract.
March 2010
Bids were invited to provide a Core Banking system for various state-owned banks.
The contract comprises licenses, installation, adaptation, migration and implementation of a banking management system, integration with other systems and reports.
It will be used by “Banco Nacional de Panama”, “Banco de Desarrollo Agropecuario” and “Banco Hipotecario Nacional”.
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.
March 2009
In order to support liquidity, the government is analyzing whether to accept a $500 million line of credit from the IDB.
The Superintendent of Guatemalan Banks, Edgar Barquín, said that the purpose of this instrument would be to compensate for the likely loss of foreign credit lines.
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