Banesco in Panama Updates Growth Policies
Increased controls on lending to sectors such as construction and a reduction in branch openings are some of the measures.
Thursday, March 26, 2009
Jorge Salas, Bank manager, informed Prensa.com: "There will be three new branches that the bank will open this year instead of five; tactics will change and the focus will be monitoring whom we lend to more closely, without excluding any segment in particular."
In El Salvador, any business or individual can act as a financial intermediary with the support of a financial institution.
The bank aims to improve the efficiency of its services and reduce lines in its branches by extending its payment network, among other measures.
A vehicle mounted with an ATM and with customer service facilities will enable clients to carry out any banking transaction.
Venezuelan bank Banesco is setting up a regional headquarters in Panama next year for an expansion project in Central America and the Caribbean.
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