Bantrab Opens Loans for Individuals and MSMEs

Worker’s Bank (Bantrab) of Guatemala has $61 million to place as personal loans and loans for MSMEs.

Tuesday, May 5, 2009


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The funds for reviving the economy and meeting the financing demand from its customers come from a $30 million line of credit from the Central American Bank for Economic Integration (BCIE) and local funding, explained Bantrab CEO, Ronald García to Elperiodico.com.gt.

In the website article: "Garcia said that Bantrab is looking to consolidate itself among the first five financial groups in the country. Last week, the Worker’s Bank was authorized to acquire 66% percent of Seguros Tikal’s shares for Q18 million ($2.23 million), and it is in the process of completing the takeover of the Banco de la República, acquired in October 2008."

More on this topic

Panama: Intense Competition in Personal Loans

February 2013

The average interest rate in Panamanian banks fell from 9.41% in December 2011, to 9.11% in the same month of 2012.

Capital.com.pa reports that Rolando De Leon, vice president of operations and cash flows of Metrobank, said: "This behaviour in rates is in response to competitive pressure exerted by Panamanian banks to acquire more participation in the segment of consumer credit. "

Panama: Loans to Individuals Exceed $5 billion

December 2014

The Superintendency of Banks in Panama has reported that consumer loans amounted to $5.16 billion with four banks hogging 54% of the total.

The four banks holding 54.6% of the personal loans are la Caja de Ahorros, Banco Nacional, Banistmo and Banco General.

Estrategiaynegocios.net reports that "...

Banco Agrícola Controls 50% of Consumer Banking

August 2012

The financial institution, with a portfolio of consumer loans of $869 million, is the market leader in El Salvador.

As of June 2012, with a portfolio of more than $2.523 million, the balance of consumer banking was $869 million, commercial loans $1,112.7 million, housing $415.9 million and credit cards $108 million, said Juan Carlos Angulo, product manager at the bank.

Spanish Bank After Citi's Regional Operations

March 2015

Aside from the Colombian Grupo Aval, the Spanish company Banco Popular may also be in negotiations to acquire Citi's entire consumer banking operation in Central America.

The sixth largest bank in Spain, which at the moment has no presence in Central America, could be interested in acquiring the consumer banking operation that Citi has put up for sale in Costa Rica, El Salvador, Guatemala, Nicaragua and Panama.

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