Best Bank − Guatemala: Banco Industrial

Best Bank − Guatemala: Banco Industrial


All this growth, however, has pressed the bank’s capital at a time when funds are hard to find. Profitability, measured by a ROA of 2.0% and ROE of 24.2%, was below the system averages of 2.4% and 30.1%, respectively, as of June. “Industrial’s challenge is the same as the rest of the country’s banks: maintaining strong capital levels,” says Guevara, adding that Guatemala’s system is among the isthmus’ least capitalized. This year’s purchase of Banco del Pais, Honduras’ fifth-largest, is part of a regional expansion drive. Industrial officially opened an El Salvador arm in September, and a larger presence in southern Mexico is in the works. Aggress

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