Business life
For its highlighting its quality of assets, strategic integration with the BAC group and its key role in the Guatemalan financial system, Moody’s Local Guatemala gave BAC the AAA.GT qualification in local and foreign currency for the long term, with a stable perspective, thus reaffirming its solidity position in the country and leadership in the region.
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This qualification represents the highest possible note within the national scale, which demonstrates the institution’s credit strength and its superior capacity to deal with its financial obligations.
The qualification is based on two key pillars: the intrinsic financial solidity of Bac Guatemala and its strategic integration within the BAC group, the most important bank network in Central America. The Guatemalan operation represents about 20% of the consolidated results of the group, which underlines its relevance within the regional ecosystem.
“This qualification reflects our commitment to the Guatemalans to reimagine the bank to generate prosperity; through a growing financial organization, with solidity and focused on people. In BAC we work every day to facilitate agile, simple and digital access to financial solutions that maximize the potential of people and make their aspirations come true,” said Eric Campos, executive president of Bac Guatemala.
Most prominent factors
- Quality of robust assets, with an overdue portfolio of just 1.95%, below the average of the Guatemalan financial system (2.4%).
- Reasonable profitability, with an average ROE of 13.9% in the last three years.
- Adequate patrimonial sufficiency, with a 12.7% capital index at the end of 2024.
- Solid liquidity, with liquid assets that cover 56.2% of the sight deposits.
- A balanced business model between retail banks (51.7% of the portfolio) and wholesaler, being a housing portfolio with 20.7% market share.
In addition, the support of the BAC Group is recognized, which facilitates access to broader financing sources, the adoption of best practices and advanced risk management.
BAC maintains a stable anchor structure, with 87% of its liabilities supported by public deposits, and a high participation of sight deposits (with 62.5%), which strengthens its liquidity profile. The financial advisor continues to demonstrate a robust corporate governance, backed by the structure of the group and a strategy focused on sustainability, digital transformation and constant accompaniment to its clients.
With this qualification, BAC continues to demonstrate its leadership as a reference of trust and solidity in the national and regional banking system, aligned with its purpose of triple value that seeks to generate social, environmental and financial growth.