BAC reinforces leadership in Central America with innovative banking
BAC Credomatic continues to strengthen its position as a leading bank in Central America and Panama, presenting its Integrated Report 2024 and unveiling the evolution of its Triple Value strategy.
BAC Credomatic continues to strengthen its position as a leading bank in Central America and Panama, presenting its Integrated Report 2024 and unveiling the evolution of its Triple Value strategy. The approach focuses on generating economic, social, and environmental value simultaneously, reflecting the bank’s commitment to sustainable growth and prosperity.
BAC: Leadership in Numbers
In 2024, BAC reported a consolidated net income of US$700 million, a loan portfolio of US$26 billion, and deposits totaling US$28 billion. The bank serves over 5 million clients through 312 branches, 8,090 non-bank correspondents (RapiBAC), and more than 3.3 million digital users. BAC channels more than 53% of Central America and Panama’s GDP through its payment platforms.
Other key highlights include:
- Launch of digital fixed-term certificates, enabling fully online savings processes.
- BAC’s focus on profitable, digital banking with social and environmental impact.
Eric Campos Morgan, CEO of BAC Guatemala, emphasized: “Every financial decision has the power to transform and reimagine positive and prosperous realities for everyone.”
Triple Value: Economic, Social, and Environmental Impact
Economic Dimension
BAC supports more than 250,000 SMEs across the region. In 2024, 186,000 small and medium-sized businesses received training in digitalization, marketing, human capital, and social responsibility.
Environmental Dimension
In Guatemala, BAC recycled over 90% of its waste, reduced its carbon footprint by 11.2% since 2022, installed water capture systems and solar panels, and ensured that 33% of its fleet is hybrid or electric. The bank’s regional green loan portfolio reached US$1.69 billion, financing projects with positive environmental impact.
Social Dimension
Over 216,000 Guatemalans benefited from financial education tools, while 23,500 women entrepreneurs participated in Mujeres BAC training programs. The Posibilidades BAC initiative assisted 76% of employees with needs in health, education, housing, and employment in 2024.
Zaira Leitón Muñoz, BAC Latam Sustainability Manager, stated: “Sustainability is both a responsibility and an opportunity. Success is not only measured economically but also by the positive impact on society and the environment.”
Innovation and Recognition
- Issued Guatemala’s first dematerialized bond, Bono BAC+Positivo, US$140 million for social and environmental projects.
- Recognized by Global Finance, World Economic Magazine, and Brandon Hall Group for digitalization, SME support, and female empowerment.
Triple Value strategy focuses on five pillars: sustainable finance, ethical conduct, climate and nature, communities, and well-being.
A Call to Action for Clients and Partners
BAC invites companies of all sizes to participate in its purpose-driven banking model. SMEs represent over 90% of regional employment, facing economic and environmental challenges that require comprehensive support.
Some practical actions for customers include:
- Using Compass to reduce printed tickets.
- Opening digital certificates from Q1,000 via mobile.
With record results, an integrated impact strategy, and a commitment to lead banking transformation in the region, BAC demonstrates that profitability and sustainability can go hand in hand, building a more prosperous future for all.
