Bank opening
in Central America
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, 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.
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.
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, "...
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.
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.
Monday, October 18, 2010
Financiera Acobo is to obtain a banking license and become Banco de las Soluciones (Bansol).
The authorization was granted by the National Financial System Supervision (CONASSIF), making Bansol the tenth commercial bank operating in Costa Rica.
Friday, October 1, 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.
Tuesday, September 21, 2010
Banesco was authorized by the Panamanian Banking Superintendence to open a branch in Dominican Republic.
From yesterday’s official government newspaper:
“BANESCO is authorized to open a branch in Dominican Republic.
This authorization has no relation with Banesco’s compliance with any rules and regulations in place in Dominican Republic, which the company will have to comply with”.
Monday, September 13, 2010
With an investment worth more than $50 million, by the end of the year the banking institution will begin operations in the country with the opening of two branches.
Uni Bank & Trust president,
Thursday, September 2, 2010
The Guatemalan bank will invest $20 million in the opening of five agencies in El Salvador.
Luis Lara Groject, Banco Industrial's manager, commented that the opening had been planned for May but the development of information systems took longer than expected.
Friday, August 6, 2010
The Colombian banking group is planning to open a local banking unit in Panama in order to benefit from the country's economic growth.
Bancolombia's CFO told the Wall Street Journal that it hopes to satisfy the growing demand for credit to finance Panama's infrastructure projects.
An article on emii.com comments that, "the new Panamanian branch will finance local individuals and companies in the country. Presently, the Colombian bank is operating an offshore bank in Panama, which offers services for foreigners".
Friday, June 11, 2010
The offer to buy BAC-Credomatic made by Banco de Bogotá confirms that Colombia’s large financial groups are seeking to expand their borders.
An article in Portafolio.com.co remarks that BAC has so far not responded to the Colombians.
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