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.

"Sergio Hernandez, president the Bantrab Group, explained that one of the objectives of the strategic plan 2010-2014 is to position the group within the top five financial entities in the country." Says an article in

According to information from the Superintendency of Banks, Bantrab Group, is the eleventh financial group operating in the country.

More on this topic

New route for the panamanian Financial Center

March 2017

The government and the private sector are working on a plan to renew the business model for the financial center, developing specialized services for different market niches.

A working group consisting of representatives from government, regulators and the private sector are making an assessment of the financial services platform operating in the country in order to redefine their objectives using the example of best practices in similar jurisdictions which are more developed and adapted to international regulation.

WTO Finds In Favor of Panama in Financial Services Case

October 2015

A ruling has been made that Argentina violated international trade rules by imposing eight financial, fiscal and exchange measures against a group of countries, including Panama.

"... It was found that the measures relating to financial services violated obligations of Most Favoured Nation (MFN) under the General Agreement on Trade in Services (GATS), and other complaints made by Panama (DS 453) under the General Agreement on Tariffs and Trade (GATT) were dismissed, according to the report made by the International Centre for Trade and Sustainable Development.

Bridgestone Opens Financial Center in Costa Rica

June 2011

The center will provide financial services to the whole of Latin America, and will begin by hiring 100 people.

Company representatives have announced the selection of Costa Rica for the installation of its financial services center, where it will serve all countries in Latin America.

Panama: Extension Requested for Brokerage Consulting Biddding

November 2010

The companies interested in participating asked the Public Utilities Authority to extend the deadline.

The bid is for a $ 1.3 million consultancy contract in the sale of share packages from Empresa de Distribución Eléctrica METRO-OESTE, S.A., Empresa de Distribución Eléctrica ELEKTRA NORESTE, S.A. and Empresa de Distribución Eléctrica CHIRIQUÍ, S.A.

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