Banco Azteca plans new Branches in El Salvador

The bank plans to expand its presence to 39 branches, from the 29 offices it currently operates in El Salvador.

Monday, November 16, 2009


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The announcement was made by Luis Niño de Rivera, president of the board, who remarked that the bank has so far created 445 jobs and will employ 100 more people next year.

"After just three and a half months of operating in the country, Banco Azteca already has around 50.000 customers and $19 million in deposits. Most of these resources were placed in securities with terms ranging from one month to one year, and 7.25% return rates", assured the Mexican executive in newspaper Elsalvador.com.

More on this topic

Grupo Ficohsa Expands to Guatemala

March 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.

Banco Azteca Expands in El Salvador

February 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.

He added to Prensagrafica.com: "We put millions in loans.

Guatemalan Banks Expand in Central America

November 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.

G&T Continental Expands in El Salvador

October 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.

"First, we will consolidate in El Salvador and then will start working in the other markets (Central America)," added the executive.

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