Banrural Expands in the Region

The Rural Development Bank of Guatemala initiated an expansion process through Central America.

Tuesday, January 25, 2011

During its annual meeting it announced that they have started the admission process in the corresponding bodies of two Central American countries. Due to procedural reasons, they did not specify which.

Consultations by Prensalibre.com, with the Superintendence of Banks of Guatemala, indicated the Honduran regulator has requested information from the bank.

Fernando Peña, CEO of the institution, added that "... the establishment will be like a new bank, and already there are talks with small business and cooperatives, among others, for the establishment of the financial institution."

More on this topic

Banking Figures in Guatemala

May 2018

As of March 2018, banks registered 6,230 agents and 8,668 establishments, 8% and 21% more than in the same month in 2017, while 337 branches were closed.

According to figures from the Superintendency of Banks, between the months of March 2017 and 2018, the number of banking agencies nationwide fell from 3,614 to 3,277, which is equivalent to a fall of 9%. This contrasts with the increases recorded in the number of agents and banking establishments.   

Guatemala’s Banrural to Operate in Honduras

January 2012

The Rural Development Bank plans to open 21 branches in Honduras, investing $40 million.

Guatemalan banks are expanding into Central America. This time it is the Banrural, which has plans to open 21 branches in Honduras after obtaining permission from the authorities.

"The two largest banks in Guatemala have crossed the border and are competing for the Central American financial market, setting up operations in El Salvador, Honduras, Costa Rica and Panama; now they are being joined by the Rural Development Bank (Banrural) which has decided to enter Honduras and in the long term is also interested in expanding into El Salvador", reports ElPeriodico.com.

G&T Continental Expands to Costa Rica and Panama

March 2009

In short, Financia in Costa Rica and Banco Financia (BMF) in Panama will begin to use the Guatemalan financial company’s brand.

Both companies were already part of the G&T Continental Financial Group which is now completing the formalities to change the name with the respective supervisory authorities in Costa Rica and Panama.

Costa Rican banks plan aggressive expansion this year

June 2008

Driven by fierce competition, public and private banks are carrying out aggressive expansion plans this year.

Seven banks and the Mutual Group have announced that they will open at least 84 branch offices or agencies.
The most ambitious plans are those of the Banco de Costa Rica and Banco Popular, each of which is planning to end the year with 20 new branches.

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