Best Bank - Guatemala

Best Bank - Guatemala

Bonds Structured Finance Central America Guatemala M&A Corporate & Sovereign Strategy

Banco Industrial, the country’s largest financial institution, has perhaps the most far-reaching strategy. In addition to defending its local lead in assets, loans and deposits, the bank is again working to expand throughout Central America and list on Mexico’s stock exchange, says Luis Fernando Prado, director of the international division. "Our goal is to expand through Central America," Prado tells LatinFinance. Already operating in Honduras, the bank opens in December in El Salvador, after receiving the appropriate licensing this year. Panama and Costa Rica are more distant possibilities for organic or acquisition-based expansion. Industrial is also considering several o

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