Guatemala's banks are born and die more fequently that is desirable for a solid, stable and reliable banking system, says Carlos Mendoza.
Writing in The Black Box, a blog focusing on the Guatemala economy, Mendoza says Guatemala has too many banks, and too many of them fail.
According to the Bankers Association of Guatemala, on Aug. 25, 1991 there were 23 private and state banks (excluding the Central Bank) and seven financiers. Now, there are 21 banks and 17 financial societies.
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