Guatemala Best Bank: Banco de Desarollo Rural (Banrural)

Guatemala Best Bank: Banco de Desarollo Rural (Banrural)

Bonds Structured Finance Guatemala Corporate & Sovereign Strategy

Mergers in the past decade have seen Guatemala¹s banking system come to be dominated by its two largest banks, Banco Industrial and Banco G&T Continental. Against this backdrop however, well managed Banco Rural (Banrural) has grown­ quietly, but with vigor. Banrural¹s assets stood at 35.48 billion quetzals ($4.53 billion) at mid-year, up from 30.35 billion quetzals the year before and just 24.31 billion quetzals three years ago, according to central bank data. It has nearly caught up to second-placed G&T Continental¹s 35.91 billion quetzals, and has become the second largest by deposits. That said, catching Banco Industrial¹s 50.11 billion quetzals of assets is still a tall order. A

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