Taiwanese bank First Commercial decides to wind up operations in El Salvador
Wednesday, September 1, 2010
The El Salvador branch of the First Commercial Bank of Taiwan has opted to close operations on November 1, the bank regulator said.
The bank said it had decided on the closure because its operations were declining.
The original idea of the bank was to provide services for the textile and garment factories, but many of the firms concerned have since been closed.
Original source (in Spanish): Elsalvador.com