Azteca Bank Begins Operations in El Salvador
After two years of proceedings before financial authorities, the bank will start operations next July.
Wednesday, June 3, 2009
The president of the Salvadoran Banking Association (ABANSE), Armando Arias, pointed out the benefits to the consumer with new financial institution entering the market.
The Mexican bank was authorized by the superintendence of the financial system, after fulfilling all the requirements.
The vice president of the Administrative Council, Luis Niño, said that they hope to have government approval by the end of the year to operate with a banking license in El Salvador.
The process is in the final stage. Once the required technical aspects have been approved, the permits to operate would be granted.
The Industrial Bank of El Salvador is completing the procedures at the Financial System Superintendence to formally become a bank.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar