This report does not constitute a rating action. ALAC--Additional loss-absorbing capacity. CRA--Comparable ratings analysis. GRE--Government-related entity. ICR--Issuer credit rating. SACP--Stand-alone credit profile. Overview Key strengths Key risks The largest bank in Guatemala with leading market share in terms of loans and deposits. Potential pressures on asset quality due to growth in retail loan book. Ample financial flexibility due to a large retail deposit base. Higher foreign-currency loan exposure than the Guatemalan banking system average. In our view, BI can operate without major financial disruptions, due to its dominant market share in the country and stable deposit funding structure, which have enabled stable credit growth, healthy asset quality metrics, and solid profitability in the past few years. We forecast BI?s operating
