Banco Industrial - BI Capital Corporation
in Central America
Thursday, July 21, 2011
With three agencies in San Salvador, Banco Industrial will begin operations.
Alicia Maria Mayorga, president of the institution in El Salvador said they already have planned an expansion for next year with the opening of new agencies and more products and services.
"Juan Miguel Torrebiarte, president of the BI corporation, said that the arrival in El Salvador is a major event for the financial group, because through this new bank they will consolidate their presence in the Central American Northern Triangle (Guatemala, El Salvador and Honduras ) as well as allowing them to offer their present and potential customers greater regional coverage and services to facilitate trade", reported Elperiodico.com.gt
Wednesday, June 15, 2011
The main shareholder of the new bank, which will open operations on 13 July, is the Panamanian holding company Bicapital Corporation.
As outlined in an article in Elperiodico.com.gt, Banco Industrial El Salvador will absorb the existing operations of the representative office of Banco Industrial Guatemala, which is already operating business loan services in El Salvador.
Wednesday, March 2, 2011
Business loans of more than $ 640.000 pay between 8% and 12.5%.
Business loans of less than $ 640,000 pay considerably more, between 11.3% and 34.4%.
The information comes from the monthly report generated by the Bank Superintendence of Guatemala, which for the first time includes interest rate information filtered by credit portfolio, economic activity, type of credit and rank.
Wednesday, April 21, 2010
From all the resources deposited in the Guatemalan banking system, 65.3% is concentrated in banks Industrial, G&T Continental and Banrural.
The figure corresponds to February 2010. According to the Banking Superintendence, in the same month of 2009 these banks had 64% of the deposits, out of a total 18 banking institutions in Guatemala.
Monday, January 18, 2010
The number of basic banking services offered by local, small stores increased 27.6% when compared to 2008.
Currently there are 1.915 agencies offering basic transactions like cashing small checks and paying public services.
"In Guatemala, two banks have implemented this business model: G&T Continental and Industrial (BI)", reported Prensalibre.com. "In 2010, G&T expects to grow 30% in this segment, and BI 25%".
Monday, January 4, 2010
Between January and November 2009, banks increased their assets in $1.18 billion.
According to data provided by the banking superintendence, the 5 largest banks account for 79% of the total.
"Banco Industrial tops the list of largest banks, followed by G&T Continental, Banrural, Banco Agromercantil and Banco Reformador", reported Elperiodico.com.gt.
Friday, November 27, 2009
Both "Banco Industrial" and G&T Continental are moving forward with their expansion plans in Central America.
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.
Monday, August 3, 2009
The banking system's late portfolio reached $283 million in June 2009, 24% more than the same month of 2008.
As a portion of the entire credit portfolio, late loans accounted for 3% of the total, while it was 2.5% in June 2008.
Tuesday, March 31, 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.
According to an article in prensalibre.com, "credit lines granted by correspondent banks to local ones in the past 15 months have fallen by $130 million,” and "there are now nearly $1.6 billion in lines of credit."
Wednesday, March 18, 2009
The Bank of Guatemala (Banguat) intervened in the foreign exchange market to halt the devaluation of the Quetzal.
The bank placed $19.2 million at an exchange rate of Q8.08 and Q8.10; this being the first time it has intervened in the market since December 29, 2008, when it auctioned $3.5 million.
Monday, March 9, 2009
The ATM business has a lot of room to grow in Guatemala where the banking market is still in its beginning stages.
An article published in La Prensa Libre in Guatemala analyzed the market for ATMs in the country. At present, three companies compete for the market: T&T, with 1,100 ATMs, Banco Industrial with 546 and BAC-Credomatic with 100.
Monday, March 2, 2009
Credit to the private sector grew by 11.2% in January, a lower growth than for the same period last year when the increase was 26.4%.
Reporter Jessica Gramajo wrote in the SigloXXI website: "Data from the Bank of Guatemala (Banguat) reported that in January of this year the banking system maintained a loan portfolio of $10.901 million (Q 87.240,8 million).
Monday, February 16, 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).
Monday, January 5, 2009
For the fourth consecutive year, the Periodico de Guatemala (the Newspaper of Guatemala) has held its regular investment forum where five of the most important businessmen analyze the business panorama.
The article published in elPeriodico.com says that "given the global economic situation, elPeriodico convened an investment forum with five of the most prominent businessmen and women.
Thursday, December 18, 2008
National banks have that offer mobile services to their clients have seen the number of users of the new service grow this year.
The Industrial and Agromercantil Banks have been trying to get more customers to use their cellular phone to pay bills and check their balances.
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