G & T Begins Operations in Honduras

G & T Continental Corporation will expand its second tier banking to Honduras by the end of the year.

Friday, November 5, 2010

Roxana Larios of Sigloxxi.com interviewed the Director of Banking and Agribusiness of G & T Continental, Roberto Gonzalez, on expansion plans in Central America.

"What are your expansion plans?

We began with a pilot phase in 2006 in El Salvador. Then we replicated the model in 2007 in Guatemala. In 2008 we went into Costa Rica and in 2009 we came to Panama. Now we are ready to begin operations in Honduras. We have applications pending of institutions who have contacted us. We will be in Honduras by the end of the year and go to Nicaragua in 2011, with other products tailored to the local market. What we do is adapt our products since each country is different."

More on this topic

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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.

More Banking Services in Panama

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The Guatemalan bank G&T Continental has announced the opening of two new branches in the banking center of Panama.

The G & T Continental Bank of Guatemala plans to open two new branches in Panama in 2014. The company already has two other branches in the country.

Amador Carballido, development manager of G & T Continental explained that "in this country, with 3.8 million people, we estimate that there are more than five thousand customers."

Guatemalan Engines

October 2012

Thriving companies from the banking mining, sugar, rubber, call center, and palm oil sectors, have been the engines of the Guatemalan economy over the last 10 years.

An article in Elperiodico.com.gt reviews the characteristics of each of these sectors and the major players in each.

Guatemala: Banks Introduce New Products

July 2011

In an attempt to attract more customers banks are diversifying their product portfolios.

One example is the Agromercantil Bank (Bam) who will soon launch a product called 'Hazlo sencillo' (Make it Simple), which will be accessible to the institution's debit card users. "The service will consist of rounding off cardholder's accounts and transferring the balance to a small savings account, where the owner will earn interest on those savings.", said the general manager of the institution, Luis Fernando Caceres, in an article in Siglo21.com.gt

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