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

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."

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