A strategic alliance between Escuintla and the Korean port of Incheon will be possible because of an investment of $16.5 million, announced the Korean Chamber of Commerce in Guatemala.
The President of the Guatemalan-Korean Chamber of Commerce (CGCC), Raul Salazar, announced the construction of the Michatoya Industrial Park in the municipality of Palin, Escuintla (about 60 km from Guatemala City), whose construction phase will end in July.
Two private banks account for 81% of the 5767 bank agents operating in the country, which in the last three years have increased their presence by 40%.
As of June 30, 2015, 5767 agents are operating , 9.4% more than in the same period in 2014, according to the Superintendency of Banks. "... Five banks have a banking agents system : Banco G & T Continental has 48.5% of these agents, Banrural 33%, BI 17.65%, followed far behind by Banco de Crédito (0.66%) and Banco Promérica (0.19%). "
Banrural and the German Bank for Development and Investment have granted a loan to Servicios para Centrales S.A. to finish building the bus transfer terminal CentraNorte in Guatemala.
The Rural Development Bank (Banrural) and the German Bank for Development and Investment (DEG, by its German acronym), have agreed to pay $40 million to the company Servicios para Centrales S.A., to complete construction of the bus transfer terminal CentraNorte, reported Elperiodico.com.gt.
Producers are pushing a project to plant 20,000 acres of soybeans, primarily for local consumption but with a focus on long-term exports.
The ambitious plans to promote the cultivation of soybeans in Guatemala are being pushed by the Association of Soybean Producers (Agresoya), an initiative aimed at small farmers with credit support from Rural Development Bank (Banrural).
The State of Guatemala will insure 9 hydroelectric stations and 65 transmission substations, paying the most expensive annual insurance bill in the local market.
The National Institute of Electrification (INDE) awarded a policy of Q37, 8million ($4.86 million) to Aseguradora Rural to insure against all risks and terrorism, 9 hydro and 65 transmission substations, which are some of the most valuable pieces of public infrastructure in the country.
To date, about 8 banks in Guatemala, 4 in El Salvador and 3 in Honduras, Nicaragua and Costa Rica offer the service; there is still much ground to cover in the region.
The director of Technology at the company Ebclosión, Derick Brol, indicates that in Central America in 2011 there were mobile phone banking services in about 8 banks in Guatemala, 4 in El Salvador and 3 in Honduras, Nicaragua and Costa Rica. The services offered include balance inquiries, transactions between own accounts and blocks.
The Rural Development Bank (Banrural) and the off shore bank Mercom Bank Ltd., will fund luxury tourism projects on the Honduran coast.
Banrural will participate in the financing of the project's Los Micos Beach in Bahía de Tela and Mercom Bank Ltd of the financial group Agromercantil, will fund the project ‘Pristine Bay Resort, Golf & Spa’ on the island of Roatan, Honduras.
In recent years, electronic transfers have been growing at a rapid pace.
Bank managers agree that the use of electronic banking operations reduces transaction costs, being this the main reason for its growth.
Luis Lara, manager of the Banco Industrial (BI) told Prensalibre.com that the institution expects amount of electronic transactions made by the end of 2011 to exceed those of 2010 when they totaled $1,377 million.
The installation of ATMs using Mayan languages has led to increased banking activities by indigenous populations.
The program, developed by the Rural Development Bank (Banrural), began in 2005 with 108 machines, and now has 420 multilingual ATMs, which as well as offering instructions in Spanish, can also cater to Mayan speakers of Quiche, Cakchiquel, Q'eqchi ', Ixil, Mam and q'anjob'al.
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