New bank to begin operations in El Salvador
The Industrial Bank of El Salvador is completing the procedures at the Financial System Superintendence to formally become a bank.
Friday, September 19, 2008
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).
Banco Azul, which is to join the 10 other privately owned banks, is characterized by having Salvadorans shareholders.
With three agencies in San Salvador, Banco Industrial will begin operations.
Both "Banco Industrial" and G&T Continental are moving forward with their expansion plans in Central America.
The process is in the final stage. Once the required technical aspects have been approved, the permits to operate would be granted.
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