Fitch Takes Rating Actions on the Largest Guatemalan Banks Following Peer Review

NEW YORK & SAN SALVADOR, El Salvador--()--Following its peer review of the largest Guatemalan banks, Fitch Ratings took rating actions on the following entities:

--Banco Industrial, S.A.;

--Banco G&T Continental, S.A.;

--Banco de Desarrollo Rural, S.A.;

--Banco Agromercantil de Guatemala, S.A.;

--Banco de los Trabajadores;

--Mercom Bank Limited;

--Financiera Rural, S.A.;

--G&T Conticredit, S.A.;

--Financiera G&T Continental, S.A.;

--GTC Bank, Inc.;

--Financiera G&T Continental Costa Rica, S.A.

--Contecnica, S.A.;

--Financiera Industrial, S.A.;

--Westrust Bank (International) Limited;

--Financiera de los Trabajadores, S.A.

Fitch has published Rating Action Commentaries (RACs) for each of these banks, which are available on www.fitchratings.com and www.fitchcentroamerica.com. These RACs include each issuer's key rating drivers and sensitivities, as well as the list of all rating actions taken.

Additional information is available at 'www.fitchratings.com' and 'www.fitchcentroamerica.com'.

Applicable Criteria and Related Research:

--'Global Bank Rating Criteria' (March 2015).

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
Primary Analyst, Banco de Desarrollo Rural, Banco G&T Continental, Banco Industrial and Banco de los Trabajadores
Mark Narron, +1-212-612-7898
Director
Fitch Ratings, Inc.
33 Whitehall St.
New York, NY 10004
or
Primary Analyst, Banco Agromercantil
Diego Alcazar, +1-212-908-0396
Director
or
Primary Analyst, Financiera Rural
Secondary Analyst, Banco Industrial, Contecnica, Financiera Industrial and Westrust Bank
Edgar Cartagena, +503 2516 6613
Director
Edificio Plaza Cristal, Tercer Nivel
79 Ave. Sur y Calle Cuscatlan
Col. Escalon San Salvador, El Salvador
or
Primary Analyst, Mercom Bank
Secondary Analyst, Banco G&T Continental, Financiera G&T Continental, GTC Bank, Conticredit and Financiera G&T Continental Costa Rica
Rolando Martinez, +503 2516 6619
Director
or
Primary Analyst, Financiera de los Trabajadores
Secondary Analyst, Banco de los Trabajadores
Dario Sanchez, +503 2516 6608
Associate Director
or
Primary Analyst, Contecnica, Financiera Industrial and Westrust Bank
Francesca Cedrola, +503 2516 6611
Analyst
or
Primary Analyst, Financiera G&T Continental, GTC Bank, Conticredit and Financiera G&T Continental Costa Rica
Alvaro Castro, +503 2516 6615
Associate Director
or
Secondary Analyst, Banco Agromercantil and Mercom Bank
Luis Mauricio Ayala, +503 2516 6622
Associate Director
or
Secondary Analyst, Banco de Desarrollo Rural and Financiera Rural
Marcela Galicia, +503 2516 6616
Director
or
Committee Chairperson
Theresa Paiz Fredel, +1-212-908-0534
Senior Director
or
Media Relations
Elizabeth Fogerty, +1 212-908-0526 (New York)
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst, Banco de Desarrollo Rural, Banco G&T Continental, Banco Industrial and Banco de los Trabajadores
Mark Narron, +1-212-612-7898
Director
Fitch Ratings, Inc.
33 Whitehall St.
New York, NY 10004
or
Primary Analyst, Banco Agromercantil
Diego Alcazar, +1-212-908-0396
Director
or
Primary Analyst, Financiera Rural
Secondary Analyst, Banco Industrial, Contecnica, Financiera Industrial and Westrust Bank
Edgar Cartagena, +503 2516 6613
Director
Edificio Plaza Cristal, Tercer Nivel
79 Ave. Sur y Calle Cuscatlan
Col. Escalon San Salvador, El Salvador
or
Primary Analyst, Mercom Bank
Secondary Analyst, Banco G&T Continental, Financiera G&T Continental, GTC Bank, Conticredit and Financiera G&T Continental Costa Rica
Rolando Martinez, +503 2516 6619
Director
or
Primary Analyst, Financiera de los Trabajadores
Secondary Analyst, Banco de los Trabajadores
Dario Sanchez, +503 2516 6608
Associate Director
or
Primary Analyst, Contecnica, Financiera Industrial and Westrust Bank
Francesca Cedrola, +503 2516 6611
Analyst
or
Primary Analyst, Financiera G&T Continental, GTC Bank, Conticredit and Financiera G&T Continental Costa Rica
Alvaro Castro, +503 2516 6615
Associate Director
or
Secondary Analyst, Banco Agromercantil and Mercom Bank
Luis Mauricio Ayala, +503 2516 6622
Associate Director
or
Secondary Analyst, Banco de Desarrollo Rural and Financiera Rural
Marcela Galicia, +503 2516 6616
Director
or
Committee Chairperson
Theresa Paiz Fredel, +1-212-908-0534
Senior Director
or
Media Relations
Elizabeth Fogerty, +1 212-908-0526 (New York)
elizabeth.fogerty@fitchratings.com