New products from G&T Continental Bank

The guatemalan bank presented a new financial product for fix term savings - "Intelligent Account"

Thursday, January 29, 2009

Prensalibre.com reports: "It is called the Intelligent Account, with which investors can gain interest on the amount saved from the moment they make their fixed deposit.

Carlos Granados, Marketing manager for personal banking, explained that the new financial instrument allows them to ..."

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Bankarization of Remittances in Guatemala

October 2013

For every $100 that migrants send to their families between $30 and $35 are in some way related to banking services.

Prensalibre.com reports: "If you take into account that from January to September this year family remittances, according to the Bank of Guatemala, totaled $3.801 billion, the amount that passed through banks was between $1.1403 billion and $1.3303 billion" .

Banco G&T and Wells Fargo Sign Alliance

September 2011

The banks have announced an agreement to provide a remittance service known as ExpressSend.

The new service will allow Guatemalans based in the U.S. to directly deposit money into savings accounts in Guatemala using any of the six thousand Wells Fargo service points.

"Wells Fargo is already operating remittance transactions with Banco Industrial (BI) and the Rural Development Bank (Banrural) in the country.

Guatemala: Banks Introduce New Products

July 2011

In an attempt to attract more customers banks are diversifying their product portfolios.

One example is the Agromercantil Bank (Bam) who will soon launch a product called 'Hazlo sencillo' (Make it Simple), which will be accessible to the institution's debit card users. "The service will consist of rounding off cardholder's accounts and transferring the balance to a small savings account, where the owner will earn interest on those savings.", said the general manager of the institution, Luis Fernando Caceres, in an article in Siglo21.com.gt

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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