Finance Banking credit cards Honduran Banking Association interest rates Central Bank of Honduras Congreso Nacional de Honduras Economics Interest rate loan loans Asociación Panameña de Créditos BAC Credomatic BAC San José Banco Nacional de Costa Rica

$1.1 billion in credit card transactions in Honduras

With a total of 600,000 card holders, credit cards are one of the financial products that has experienced the most growth.

Thursday, January 15, 2009

Heraldo.hn reports: "Maria Lidya Solano, executive director of the Honduran Association of Banking Institution (Ahiba), revealed yesterday that the balance of the personal banking portfolio - credit cards - totaled $1.1 billion (21.2 billion lempiras) on August 31, 2008.

The delinquency rate had increased from 3% to 4.3%, at the end of last year, which will force issuing companies to redefine the financing of the so called "plastic money."

Source: elheraldo.hn

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Key entities

María Lidya Solano Honduran Banking Association

Countries

Honduras

Insight

credit cards Finance Banking

Increased Number of Credit Cards in Panama

June 2013

In late May there were 673,590 active credit cards, while in the same period in 2012 there were 609,357.

The balance of active cards also showed an increase of 17% compared with May 2012, according to a Panamanian Credit Association (CPA). "The balance went from $1.1114 billion to $1.3008 billion in May 2013, which represents 3.8% of total credit balances reported in the database", reported Elsiglo.com.

Costa Rica: Credit Card Portfolio Up 30%

June 2013

Between April 2012 and the same month this year, the credit card portfolio of state banks grew by 8.5%, while among private banks the increase was 33%.

The increase in the private sector is not surprising, since Banco Promerica alone has 35 types of credit card rates, being the issuer with the most diversity in the country.

Interest Rates on Credit Cards in Costa Rica

December 2012

A study by the Economy Ministry reveals significant differences in the interest rates charged by credit card issuers.

A statement from the Ministry of Economy, Industry and Commerce (MEIC) reads:

Survey of Credit and Debit Cards

Significant differences have been identified in interest rates charged by credit card issuers

Panama: New Credit Cards Down 58%

September 2009

In the first half of the year, 4.458 new credit cards were issued, 6.969 less than the same period of 2008.

Total credit lines granted under this scheme summed $11.2 million, 52% less than in 2008, and 74% less than in 2007, according to data from the Panamanian Credit Association (ACP). Average credit for each new credit card was $2.520.