Leading position in the Guatemalan banking system as the largest bank in the country, and among the leading franchises in Central America; Large and stable deposit base, which represents 72% of the total funding base; and Strong asset quality and reserve coverage, with one of the lowest non-performing loan (NPL) ratios in Guatemala's banking sector. Slowing credit growth due to the difficult political conditions and ongoing corruption scandals in Guatemala; and High level of dollarization in the loan portfolio--59% as of March 2019. Our stable outlook on Banco Industrial S.A. (BI) for the next 12 months mirrors that on the sovereign. The outlook also reflects our belief that the entity will maintain its financial and operating performance in line with
