Corporacion UBC Internacional, S.A. (UBCI) has duly regulated financial operations in El Salvador, Guatemala, Costa Rica, Honduras and Panama, in addition to an important service of family remittances in the United States of America. Its distribution net is made up of 190 agencies, our own network of Automatic Teller Machines and more than 4,400 employees providing services to clients with the highest quality universal banking products. Our services are complemented through Telebanking, NetBanking services and Cash Control, Products for Cash Management, service which optimize our client’s time by means of Virtual Banking.
Participating in international markets has been strengthened by allowing the region's subsidiaries to issue bonds through Regional Securization of electronic remittances, and by granting subordinated debts from the International Finance Corporation. On its part, Banco Cuscatlan of El Salvador on several occasions has renewed the U.S. Commercial Paper program supported by first order financial institutions at a worldwide level; and has issued important investment certificates in the El Salvador Stock Exchange. These operations allow it to continue with the expansion strategy and increase support to the country's productive sectors. In addition, in El Salvador UBCI is the owner of the largest insurance business Seguros e Inversiones S.A., and of the largest pension fund administrator in terms of assets AFP Confia S.A.
In Costa Rica, the results obtained by the Corporación Accionaria UBC, S.A. have been favorable registering one of the largest growth rates of the country, in credit portfolios and deposits. This reflects the public´s recognition and acceptance of the Cuscatlan trademark.
In Guatemala, Banco Cuscatlan has shown excellent results (relative to the size of its assets), achieving position number 8 out of 26 banks operating in the country.
In Panama, Banco Cuscatlan Panabank officially launched its trademark in June 2004, positioning itself as the fourth most important private financial group in the country.
Finally on october 2004, Banco Cuscatlan started its operation in Honduras, incorporating the purchase of Lloyds TSB assets and liabilities which brings a very good corporate client base to whom Banco Cuscatlan will provide its financial services.