New Financial Group in Guatemala
Bantrab Group obtained approval from the Monetary Board to operate as a financial group.
Wednesday, October 27, 2010
After the purchase of Banco de la República, Seguros Tikal and Latin Finance, the Monetary Board approved the establishment of the group through resolution JM 99-2010.
The companies interested in participating asked the Public Utilities Authority to extend the deadline.
The center will provide financial services to the whole of Latin America, and will begin by hiring 100 people.
Banks in Guatemala are expanding by installing branches in small businesses to offer financial services.
Company forms an alliance with two remittance operators in the United States, through which residents will be able to send their money.
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