...Intrinsic Profile: Banco G&T Continental, S.A.'s (G&TC) Issuer Default Rating (IDRs) and National ratings are driven by its intrinsic profile, as reflected in its Viability Rating (VR). G&TC's VR reflects its strong franchise in the Guatemalan banking system along with its business orientation toward corporate segment. The bank's ratings also consider its narrow capital levels and its loan book's moderate quality and concentration. The VR also reflects its stable profits and deposit-based funding structure. Strong Franchise: G&TC is the main entity of the second largest financial group in Guatemala, Grupo Financiero G&T Continental, with an important franchise in the local financial system and regional positioning through subsidiaries in El Salvador, Costa Rica and Panama. The entity's main focus is corporate and commercial segments, although management will seek to expand services toward small and medium enterprises (SMEs) to increase diversification and profitability. Narrow Capital Base:...
