Banco del Cafe
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Native name | Banco del Café |
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| Company type | Private |
| Industry | Banking Insurance Pension funds |
| Founded | October 16, 1978 in Guatemala City |
| Defunct | October 19, 2006 |
| Headquarters | Guatemala City |
| Products | Retail 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[edit]
- ^ "Ex-director of Bancafé, Patricio Andrade Falla, remains linked to the process" (in Spanish). Prensa Libra. February 6, 2018.
- ^ "Bancafé quiebra en octubre de 2006" (in Spanish). Prensa Libre. October 19, 2016.
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