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Fierro Group

Company nameFierro Group also known as Grupo Iberoamericano de Fomento or Grupo IF
Company typePrivate
ProductsBanking Services
Revenue(+) $ ??? billion (2008)
Operating income(+) $ ??? billion (2008)
Net income(-) $ ??? billion (2008)
Employees??? (2008)
SubsidiaryBanco Exterior (Venezuela)
Tanasa (Venezuela)
Banco Interamericano de Finanzas (Peru)
Fosforera Nacional (Venezuela)

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The Fierro Group also known as Grupo Iberoamericano de Fomento or Grupo IF is an old Economic Group that originated in Spain and has investments in Spain and Latin America, mostly in the Industrial and Financial sectors. The Fierro Group initial leader was the Spanish Entrepreneur Ignacio Fierro Viñas.

They started operations in Peru in 1961, when they installed a factory of matches, product in which they are one of the leaders in the world. In 2001 the leader of the Fierro Group in Peru was Manuel Isabal Roca, and had 18 companies, some of which are: BIF (Banco Interamericano de Finanzas), Fosforera Peruana, Tabacalera Nacional, Aval, Representaciones Alpamayo, Filtros del Perú, Destilería Peruana, Tabacalera del Sur, Industrial Cartavio, Verona Trading and Fosforera La Llama. That year, they employed about 5,000 between all their companies.

In Venezuela, in 1991 they owned: Tabacalera Nacional (Tanasa), Fosforera Venezolana, Alimentos La Giralda, Banco Exterior.

In Ecuador, on October 24, 1958 Mr. Ignacio Fierro founded the company Fosforera Ecuatoriana S.A. (FESA) since then other companies were created: Tabacalera Nacional S.A. (Tanasa), Banco Internacional, Seguros Cervantes, Grafandina S.A., Industria Licorera Iberoamericana S.A. (ILSA), PetroSud (Consorcio PetroSud-PetroRiva). In 2008 the leader of the Fierro Group in Ecuador was José Enrique Fuster Camps.


* Spain Spain

* Argentina Argentina

* Brazil Brazil

* Colombia Colombia

* Guatemala Guatemala

* Ecuador Ecuador

* Peru Peru

* Thailand Thailand

* Venezuela Venezuela

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