There were 24 Guatemalan banks as of mid-2007, down from 34
in 2000, and the sector is ripe for further consolidation to
achieve economies of scale, modernization, new products, and
larger profits. For the third straight year, Banco Industrial
is leading this process and wins the LatinFinance prize for
Best Bank in Guatemala.
After last year's acquisition of Banco de Occidente,
Guatemala's fifth largest financial institution, Industrial
again pulled the trigger...
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