Largest bank in Guatemala, and among the leading franchises in Central America; Diversified, large, and stable deposit base should allow the bank to withstand the pandemic and economic turmoil with a sound liquidity position; and Strong asset quality metrics, with one of the lowest nonperforming loan (NPL) ratios in Guatemala's banking sector. Highly challenging conditions due to the coronavirus outbreak and its impact on the global and local economies; and Still high level of dollarization in the loan portfolio. Our stable outlook on Banco Industrial S.A. (BI) for the next 12 months mirrors that on the sovereign, because the ratings on Guatemala constrain our rating on BI. The outlook also reflects our belief that the bank will maintain its sound
