Bank managers agree that the use of electronic banking operations reduces transaction costs, being this the main reason for its growth.
Luis Lara, manager of the Banco Industrial (BI) told Prensalibre.com that the institution expects amount of electronic transactions made by the end of 2011 to exceed those of 2010 when they totaled $1,377 million.
"Another case is that of G & T Continental Bank, which so far in 2011 has made approximately 36,000 transactions, signifying approximately $231.6 million.
According to Frederick Adolph Schutt Davila, the manager of Financial Management Solutions, at the Electronic Banking Division at G & T Continental, 2010’s transactions numbered 50,195, amounting to approximately $425 million
The executive pointed out that the electronic queries and transactions reduce costs by up to approximately 70 percent versus an operation done at a bank counter. "
Source: prensalibre.com
More on this topic
September 2010
Four banks compete with a wide range of small credits under $20 thousand Dollars.
Industrial Bank (BI), Rural Development (Banrural), G & T Continental and Bantrab offer term, conditions and personalized service in order to fill this market niche.
Sigloxxi.com writes "The president of the Central American Microfinance Network (Redcamif), Reynold Walter, said that loans of this type represent 70% in rural areas, while in metropolitan areas account for 30%. Out of the total, two-thirds are managed by women. "
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.
February 2009
Users continue to prefer traditional operations; bankers maintain that in a short time frame, this tendency will revert itself.
Sigloxxi.com publishes an article in its website: "Among the hundred of the most visited places on the internet, and in just half of the count, only three banks are placed: G&T Continental (46), Industrial (51) and Banrural (60).
March 2012
To date, about 8 banks in Guatemala, 4 in El Salvador and 3 in Honduras, Nicaragua and Costa Rica offer the service; there is still much ground to cover in the region.
The director of Technology at the company Ebclosión, Derick Brol, indicates that in Central America in 2011 there were mobile phone banking services in about 8 banks in Guatemala, 4 in El Salvador and 3 in Honduras, Nicaragua and Costa Rica.
español
1895
