Bank of the Year – Guatemala 2017: Banco Industrial

Bank of the Year – Guatemala 2017: Banco Industrial

Despite the political noise surrounding Guatemala, the country’s banks have managed to grow their loan portfolios. Banco de los Trabajadores has been a strong player, recording a $9 million bump in net income to $37 million. But the award for the Bank of the Year in Guatemala goes to Banco Industrial, which recorded $88 million in net income in the second quarter this year, a 20.1% increase on the previous year. Banco Industrial also increased its assets 8.6% year-on-year to $11 billion and expanded it loan book by 14% to $6.28 billion at the end of June. Luis Jorge Sifontes, the bank’s assistant director of external financing, says Banco Industrial has worked to diversify its loan portfolio

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