Our identity

Bantrab is a Guatemalan financial group that ranks second in the national system in return on assets and fourth in return on equity.

Our history

The Ministers of Labor of Latin America met in 1963 to discuss how they would make the Alliance for Progress their own. They issued the Declaration of Cundinamarca, which recommended the creation of banks that would encourage employees to save and meet their credit needs. As a result, the Guatemalan government issued the decree that created Banco de los Trabajadores.

The entity began operations in 1966, with an initial contribution from the State. The Guatemalan workers completed the authorized capital by purchasing shares and, in 1992, obtain approval to become a private bank with a social purpose.

Bantrab became, Grupo Financiero in 2010, after absorbing Banco de la República and acquiring Seguros Tikal and Financiera Latinoamericana. It currently consists of:

  • Banco de los Trabajadores
  • Financiera de los Trabajadores, S.A.
  • Aseguradora de los Trabajadores, S.A.
  • Casa de Bolsa de los Trabajadores, S.A.

Today, we are the second largest bank in return on assets and the fourth largest in return on equity, positions that reflect our strength and stability. In addition, we have almost 5 000 employees.

Over the last six years, we have strengthened our Corporate Governance based on international best practices. As a result, Fitch Ratings and Moody’s have steadily upgraded our credit risk.

Our mission, vision, and values

Mission


Work hard for the well-being of all workers.

Vision


Making workers the main financial force in the country

Values and core competencies

Our commitment allows us to be congruent and to assume our decisions with determination and modesty.

Compliance

To execute the required actions and fulfill the commitments assumed.

Self-determination

To make decisions, propose, and take on individual challenges and the consequences for the objective’s achievement.

We are committed to our employees and, we are proud of our high standards and demands for ethics and truth.

 

360° Communication

To offer recognition and highlight areas for improvement in the performance of all stakeholders.

Accountability

To maintain updated and available information records on actions performed and results obtained.

We respect people equally, being impartial and fair, and generating opportunities based on objectivity.

 

Consistency

To express what you think and feel and to align it with what you say and do.

Tolerance

To generate relationships according to established values and rules at any time and with everybody.

Every day we strive with passion and joy because we  know that everything we do is for the benefit of our employees.

 

Costumer Solution

To perform necessary actions with enthusiasm to exceed customer expectations.

Synergy

To join efforts with other areas for a common goal, to provide personal and group satisfaction.

Organizational structure

Equity structure

Today, we are the second-largest bank in return on assets and the fourth-largest in return on equity.

We are one of the most solid and solvent banks in the financial system of Guatemala. As of September 30, 2023, our capital was close to USD759 million, of which 85.43% corresponded to capital reserves.

Capital reserve 85.43%
Profit 11.20%
Preferred stock 2.25%
Capital contributed by Guatemalan workers 0.78%
Asset revaluation 0.53%
Common stock contributed by the State 0.01%
Others -0.20%

We reconfirmed our commitment to transparency and accountability and to strengthening Corporate Governance.

Therefore, we continued the process started in 2017 to update the regular shareholder base and increase attendance at Shareholders’ Meetings.

Business model

We focus on providing wellness to our employees. Therefore, we align our actions  to innovation, inclusion, development, and marketing of solutions that fit their needs and aspirations but, above all, that contribute to their bancarization and financial health.