Guatemalan cooperatives seek alliances with local banks
Advised by the World Credit and Savings Council and based on the experience in other countries, Fenocoac is interested in establishing alliances with banks.
Friday, November 28, 2008
The alliances would be in the sense that the members of the cooperatives can make deposits or withdrawals from bank branches countrywide.
The National Commission of Banking and Insurance (CNBS) will monitor 20 credit unions in a pilot project.
Unions are opposed to the legal reform which aims to extend the scope of the supervision of the Superintendent of Financial System over savings and loans cooperatives.
Credit Unions iin Guatemala are looking for new members, after being in the non-traditional financial market with 800 thousand members for 45 years.
Between 2006 and 2013 the number of agencies in the network of cooperatives in the country doubled.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar