Banco Azteca plans new Branches in El Salvador

The bank plans to expand its presence to 39 branches, from the 29 offices it currently operates in El Salvador.

Monday, November 16, 2009

The announcement was made by Luis Niño de Rivera, president of the board, who remarked that the bank has so far created 445 jobs and will employ 100 more people next year.

"After just three and a half months of operating in the country, Banco Azteca already has around 50.000 customers and $19 million in deposits. Most of these resources were placed in securities with terms ranging from one month to one year, and 7.25% return rates", assured the Mexican executive in newspaper Elsalvador.com.

More on this topic

Guatemalan Bank Could Operate in Panama

August 2014

Banco Industrial has announced that it is prepared to start operations in Panama's financial center in the first quarter of 2015.

The Bank which is of Guatemalan origin, and which already has a presence in Honduras and El Salvador, is preparing to open its offices in Panama City, driven by the economic growth there.

Banco Azul to Start Operations in 2014

September 2013

The new bank, with a capital of $20 million, will begin operations in the second quarter of 2014 in the Salvadoran plaza.

On Monday September 23, a group of Salvadoran businessmen signed an act of constitution for Banco Azul de El Salvador, which is chaired by Carlos Enrique Araujo and consists of 100% of shareholders from that country.

Grupo Ficohsa Expands to Guatemala

March 2012

The Honduran bank has received approval from the Guatemalan Superintendency of Banks to provide services from April.

The financial group Ficohsa can use its brand for transactions and banking services in Guatemala from next April, authorized by the Guatemalan Superintendency of Banks.

Guatemalan Banks Expand in Central America

November 2009

Both "Banco Industrial" and G&T Continental are moving forward with their expansion plans in Central America.

Banco Industrial will open an office in El Salvador in May 2010, while G&T Continental plans to enter the Costa Rican market in the medium term. G&T already operates in Panama and El Salvador.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Costa Rica – One Only - Development Property and Coffee Farm

This property has it all! Ocean views, streams, waterfalls, forest, profitable coffee production, convenience, seclusion, titled lots, electricity, water, road access, perfect weather.
Fantastic, hard to find - Ocean views from every lot,...

Stock Indexes

(Dec 15)
Dow Jones
0.58%
S&P 500
0.90%
Nasdaq
1.17%

Commodities

(Dec 15)
Brent Crude Oil
62.65
Coffee "C"
120.75
Gold
1,257
Silver
16.01