Banco del Cafe

BANCAFÉ
Native name
Banco del Café
Company typePrivate
IndustryBanking
Insurance
Pension funds
FoundedOctober 16, 1978 (1978-10-16) in Guatemala City
DefunctOctober 19, 2006; 18 years ago (2006-10-19)
HeadquartersGuatemala City
ProductsRetail Banking
Insurance
Investments
Accounting & Payroll
Mortgages
Consumer Finance
Credit cards

Banco del Café (English: Bank of the Coffee), commonly known as Bancafé, was a bank in Guatemala that collapsed because of bad loans and panicked withdrawals set off by an investigation by Guatemala's Superintendencia de Bancos in 2006. This eventually brought the bank down.[1][2]

References

  1. ^ "Ex-director of Bancafé, Patricio Andrade Falla, remains linked to the process" (in Spanish). Prensa Libra. February 6, 2018.
  2. ^ "Bancafé quiebra en octubre de 2006" (in Spanish). Prensa Libre. October 19, 2016.


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