BANCAFÉ | |
Native Name: | Banco del Café |
Native Name Lang: | es |
Type: | Private |
Industry: | Banking Insurance Pension funds |
Founded: | in Guatemala City |
Hq Location: | 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]