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San Salvador, February 19, 2010

Recently ROMERO PINEDA & ASOCIADOS, advised BANCO INDUSTRIAL S.A. from Guatemala, in the establishment of BANCO INDUSTRIAL EL SALVADOR S.A., whose constituent instrument was granted on January 12, 2010, after completing all the legal formalities of the foundation stage before the Superintendence of the Financial System of El Salvador.

The Banking and Financial Division of the firm assisted the Guatemalan institution throughout the approval process of their constitution, the incorporation of new members and transfer of shareholders' equity of Banco Industrial S.A. Guatemala to the new entity.

Currently ROMERO PINEDA & ASOCIADOS is in the process of authorization of the manuals, operating systems and other legal and regulatory requirements before Salvadoran authorities such as the Superintendence of the Financial System and Central Bank of Reserve as a previous stage before Banco Industrial de El Salvador, S.A. initiates operations in the coming months.

"For ROMERO PINEDA & ASOCIADOS this new financial event demonstrates the confidence foreign banks have in the firm given the professionalism of our Banking Attorneys. We have established and obtained consecutively a second authorization in the country, establishing another foreign bank," said Mario Ayala, partner of the firm.

He added: "Additionally, for our country this is an opportunity to project itself abroad in the financial field as an attractive place in the region for banking and financial investors.”

The authorization of new institutions of great importance in El Salvador by the firm helps the country boost its financial market development to an international level.