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Bonds Structured Finance Guatemala Corporate & Sovereign Strategy

Having used the global financial crisis to better prepare for external turmoil, Guatemala’s leading bank looks at home and abroad to continue expanding. Greater banking penetration is an area of opportunity, says Luis Prado, head of the Banco Industrial’s international division. Guatemala’s largest bank aims to become the leading financial conglomerate in Central America and says it will gladly challenge international competitors in taking a foothold in untapped markets. In its latest cross-border move, Banco Industrial launched services this July in El Salvador. It is also the fifth-largest bank in Honduras and is eyeing Panama and Costa Rica for mid-term expansion. But

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