Banrural Bank (Guatemala) to open office in Miami

Banrural requested permission from the Florida Financial Regulation Office and the Federal Reserve to set up an office in Miami.

Tuesday, December 16, 2008


"If the request is granted, Banrural will become the second bank from CA to have an office in the US," said Friedhoff, a partner at the Fowler White Burnett P.A. law firm in Miami.

According to the lawyer, the Guatemalan bank has taken this step in order to provide direct services to Guatemalans residing in the US, including remittances, and the export and import business, now that Guatemala forms a part of CAFTA.

Banrural Bank, the third biggest financial institution in Guatemala, has successfully focused its services towards those sectors with few resources, including the rural and agricultural sectors.

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Guatemalan Banrural to Operate in Honduras

January 2013

With an investment of $220 million the Rural Development Bank of Guatemala plans to start operations in Honduras in May 2013.

The announcement of the expansion of the bank towards its neighboring country came amidst the celebration of the General Assembly of Shareholders of the Bank for Rural Development.

Guatemala’s Banrural to Operate in Honduras

January 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.

"The two largest banks in Guatemala have crossed the border and are competing for the Central American financial market, setting up operations in El Salvador, Honduras, Costa Rica and Panama; now they are being joined by the Rural Development Bank (Banrural) which has decided to enter Honduras and in the long term is also interested in expanding into El Salvador", reports

65% of Guatemalan Deposits in Just Three Banks

April 2010

From all the resources deposited in the Guatemalan banking system, 65.3% is concentrated in banks Industrial, G&T Continental and Banrural.

The figure corresponds to February 2010. According to the Banking Superintendence, in the same month of 2009 these banks had 64% of the deposits, out of a total 18 banking institutions in Guatemala.

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Corporación de Negocios y Mercados Syne, S.A.

Organization that operates in Guatemala.
Phone: (502) 2471 0277 - (502) 2485 6800

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