Guatemala: Bank Sells Microfinance Portfolio

Banco de Antigua has announced the acquisition of the microcredit portfolio of the G & T Continental entity, which will continue to focus on consumer and corporate areas.

Wednesday, April 11, 2018

G & T Continental Bank reported that the operation is due to a restructuring process to meet the new technological trends in the financial market. 

See also "Microfinance in Nicaragua: A $492 million business"

Elperiodico.com.gt reports that "... Since March 1, part of the portfolio of the bank's microfinance segment went to Banco de Antigua, which has experience in this field focused on the promotion of entrepreneurs and small and medium enterprises."

"... G & T Continental Bank reported that the operation is due to a restructuring process to meet the new technological trends in the financial market.

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More on this topic

Costa Rica: Financial Firm Changes Ownership

June 2019

Financiera G&T Continental Costa Rica announced the sale of 100% of its shares to a group of Central American investors.

Precise the relevant fact published on June 19 by the Superintendencia General de Valores (Sugeval), which completes the purchase-sale of the "... shares of the entire capital stock of Financiera GT Continental Costa Rica S.A. by the company called 3-101-771084 S.A."

Guatemala: Bank Assets Up 12%

July 2014

In the first half of 2014 banks assets in the country increased by 12% compared to the same period in 2013, while the amount of loans granted grew by 11%.

Data from the Superintendence of Banks of Guatemala reveals that the profits made by banks in the same period grew by only 0.87%.

Panama: Microfinance Portfolio Up 20.65%

October 2013

Up until August three banking entities with microfinance licenses granted loans worth $154.17 million to micro and small businesses.

Capital.com.pa reports that "statistics from the Superintendency of Banks in Panama up to August 2013 indicate that Banco Delta leads the credit portfolios, with 72.24% of the total. Its followers are MiBanco, with 17.12% and Banco G & T Continental, with 10.64% ... ".

Micro-credit Up 18.7% in First Semester

September 2009

This figures are a glimpse of this market's potential in Panama, say local financial brokers.

One of the effects of the economic crisis was that thousand of Panamanians rushed to establish their own businesses, causing an increase in micro-credit of 18.7% in the first half of 2009, when compared to the same period of 2008.

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