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Home arrow Browse Archive arrow Finance arrow Central America Fertile for Bank Expansions says InfoAmericas - January 2007
Central America Fertile for Bank Expansions says InfoAmericas - January 2007

Financial Services  

Author: Jan Smith Ramos 

Miami -- InfoAmericas released the preliminary findings of its new study on the state of the retail financial services industry in Central America, composed of the 40 million consumers in the five isthmian republics: Guatemala , Honduras , El Salvador , Nicaragua , and Panama .  Central American economies are historically considered too small and too poor to be a cost-efficient market.  Collectively they offer excellent opportunities and individual markets are also showing signs of solid potential. On the retail side, InfoAmericas found pent-up demand in all areas of consumer financial services, fueled by a  high-velocity flow of dollar remittances and an increasingly sophisticated and bi-cultural consumer.

 
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