Best Bank Guatemala: Caution Prevails
Nov 1, 2009
Despite the economic downturn, Guatemala’s GyT Continental could see profits jump by 25% by the end of this year compared to 2008, CEO Flavio Montenegro tells LatinFinance.
The positive trend is already noticeable. “In the first quarter of this year profits grew 24% compared to the same period in 2008,” he says, adding that return on assets increased to 1.6% in June 2009 from 1.4% in June 2008 and return on equity increased to 17.3% from 16.0% in the same period.
GyT also has bragging rights when it comes to asset growth, as it beat the other major banks in the country. As of...
Already have an account?
Subscribe
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Subscribe
Free trial
Take a free two-week trial now for the latest news, data and market analysis.
Free Trial