Banco Azteca Expands in El Salvador
The bank plans to open ten new branches in 2011, adding up to 52 in the country.
Friday, February 4, 2011
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.
The bank plans to expand its presence to 39 branches, from the 29 offices it currently operates in El Salvador.
The Guatemalan financial group plans to open 27 new branches next year 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.
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