Bank opening
in Central America
Thursday, March 22, 2012
The Honduran bank has received approval from the Guatemalan Superintendency of Banks to provide services from April.
The financial group Ficohsa can use its brand for transactions and banking services in Guatemala from next April, authorized by the Guatemalan Superintendency of Banks.
"With this release, very soon in Guatemala will launch and promote the brand that has penetrated so successfully in Honduras, Panama and the state of Florida in United States of America, consolidating the Group's strategy to internationalize and expand into other markets", said Ficohsa.
Monday, January 23, 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.
Monday, January 16, 2012
The financing company is registering with the regulating authority the creation of a financial group made up by the financing company, an insurance seller and a leasing company.
Silvio Lacayo, Desyfin manager, said the proceedings were initiated in 2011 with the Superintendent of Financial Institutions and they are awaiting final approval by the agency.
Monday, October 3, 2011
The Venezuelan bank’s participation in the Costa Rican market will be marked by flexibility and adaptability to local characteristics.
Representatives from local banks, in the face of entry of a new competitor, agreed that this will stimulate the segment of medium-sized banks.
Strengths of the new institution are reported to be their knowledge of the Latin American market and experience in micro and small enterprises.
Tuesday, September 6, 2011
By making some adjustments, the sector has been able to resist the onslaught from the global financial crisis.
Since its inception in 1970 with the creation of the banking law, Panama’s banking and financial sector has grown and molded itself to the characteristics of the economy, making adjustments but surviving after each crisis experienced at regional and global levels.
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
Tuesday, July 19, 2011
By November the Canadian funded bank will open an administrative office in order to introduce its brand to the country.
The bank has had a presence in the country since 2008, when it acquired the Banco de Antigua.
The Minister of Economy, Luis Velasquez, told the media that on July 20, the Monetary Board will approve the procedure for entry into the country.
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.
Tuesday, June 7, 2011
Banco Compartamos has announced the start of operations in Guatemala through a new subsidiary.
The offices of Compartamos SA are located in the departments of Quetzaltenango (Coatepeque and Quetzaltenango) Retalhuleu (in the town of the same name) and Suchitepequez (Mazatenango).
Tuesday, May 17, 2011
The Honduran banking group has opened its first regional agency in the Panamanian banking center.
Camilo Atala, Grupo Ficohsa’s chairman, said the headquarters in Panama will serve as a platform to expand into the rest of the Central American market.
Friday, March 18, 2011
As part of an expansion plan, the bank opened two new branches.
With the two new branches at Torre Futura and Torre Avante, the financial institution has a total of 55 throughout the country.
Sergio Cruz, vice president of Personal Banking and Branches of Scotiabank, told Laprensagrafica.com, "...
Monday, February 28, 2011
In 2010, nine new banks entered the banking sector in Panama.
Of these, four are local private banks, three have international license and two are foreign banking entities.
The new operations launched are Banco Lafise Panama (March 10), Bank of Nova Soctia (Panama) SA (Oct 10) Prival Bank (March 10), Balboa Bank & Trust Corp (May 10) Banco La Hipotecaria (June-October), Uni Baak & Trust Inc. (Dec-10), Andbanc (Feb-10), Banca Privada D'Andorra (April-October) and International Bank of Peru (May 10).
Friday, February 4, 2011
The bank plans to open ten new branches in 2011, adding up to 52 in the country.
Luis Niño, President of the Board of Directors of Banco Azteca El Salvador, said they want to increase the local market share by doubling its loan portfolio.
Monday, November 29, 2010
Banco Produzcamos accumulated a $ 45 million loan portfolio during its first 5 months of operation.
According to a report from the Superintendence of Banks, the banking institution, created to fund production activities, had $ 78 million in patrimony by late October.
Wednesday, November 10, 2010
On the first of November Bansol became the 17th bank in the country.
The new bank will operate almost 100% electronically.
Few branches, small and without ATMs, were the words of its CEO Carlos Fernandez.
"The accounts opened will be linked automatically to the Integrated Electronic Payment System (IPNS) in order to facilitate the process of transferring to any destination within the domestic financial system," writes Elfinancierocr.com.
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