Guatemalan Banks Expand in Central America

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Banco Industrial will open an office in El Salvador in May 2010, while G&T Continental plans to enter the Costa Rican market in the medium term. G&T already operates in Panama and El Salvador.

Diego Pulido, director at "Corporación BI", parent company of Banco Industrial, said in a Prensalibre.com article that "... we are going to El Salvador to serve our clients with operations in that country, as we did in Honduras".

The newspaper also printed comments by Flavio Montenegro, CEO of Corporación G&T Continental: "We have to move slowly, get to know the market and its authorities before entering Costa Rica. This could become a reality in the next two years".

Source: prensalibre.com

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