Industrial Bank authorized to operate in El Salvador

Industrial Bank got the "ok" to enter the Salvadoran market, where it will have a big market of customers.

Monday, December 1, 2008


The inauguration of the first agency will occur during the first semester of 2009, the company's general director, Diego Pulido, said to

El Salvador will be the third country outside Guatemala where the bank has set up operations; in 2008 they opened in Honduras, where they acquired the operations of the Banco del Pais bank.

More on this topic

Industrial Bank Starts Operations in El Salvador

July 2011

With three agencies in San Salvador, Banco Industrial will begin operations.

Alicia Maria Mayorga, president of the institution in El Salvador said they already have planned an expansion for next year with the opening of new agencies and more products and services.

"Juan Miguel Torrebiarte, president of the BI corporation, said that the arrival in El Salvador is a major event for the financial group, because through this new bank they will consolidate their presence in the Central American Northern Triangle (Guatemala, El Salvador and Honduras ) as well as allowing them to offer their present and potential customers greater regional coverage and services to facilitate trade", reported

Banco Industrial to be Established in El Salvador

June 2011

The main shareholder of the new bank, which will open operations on 13 July, is the Panamanian holding company Bicapital Corporation.

As outlined in an article in, Banco Industrial El Salvador will absorb the existing operations of the representative office of Banco Industrial Guatemala, which is already operating business loan services in El Salvador.

New bank to begin operations in El Salvador

September 2008

The Industrial Bank of El Salvador is completing the procedures at the Financial System Superintendence to formally become a bank.

According to the Superintendence, shareholders will hold 1% or more of the social capital of said company which is being created and includes: Banco Industrial S.A. (from Guatemala), Construagro S.A. (from El Salvador), y José Luis Zablah Touché (from El Salvador).

Guatemalan Bank Could Operate in Panama

August 2014

Banco Industrial has announced that it is prepared to start operations in Panama's financial center in the first quarter of 2015.

The Bank which is of Guatemalan origin, and which already has a presence in Honduras and El Salvador, is preparing to open its offices in Panama City, driven by the economic growth there.

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