$450 million for Guatemala banks

Monetary authorities are pushing more actions to provide liquidity to the banking system.

Friday, November 28, 2008

A total of $450 million (Q3,460 million) will flow into the economy during the next few days, as result of the explication of measures to provide the banking system with liquidity.

With this measure, the Monetary Board seeks to reduce the restriction of external financing which banks have been facing this year due to the international financial crisis. The most recent effort has been the relaxing of bank reserves.

More on this topic

Guatemala: Banking System has $3,450 million

September 2011

Funds in the banking system have increased by 10.34% so far this year.

Data provided by the Superintendency of Banks (SB), indicates that loan funds have reported increases year after year. Figures up to December 2008 amounted to $2,449 million, for December 2009 it was $3,013 million, and the balance in December 2010 showed an increase of 4.2%.

$145 Million Freed to Banks in El Salvador

April 2009

With the backing of the Financial System Superintendent, the Central Reserve Bank began to release half of the additional reserve of $290 million.

Due to the celebration of the recent presidential elections, an additional reserve of 3% had been established, with the anticipation of money withdrawals and capital flight.

$290 Million to be Returned to Salvadoran Banking

March 2009

Banks in El Salvador will receive $290 million that where frozen as a liquidity reserve.

The Salvadoran Central Reserve Bank (BCR) had implemented a liquidity reserve of 3% of all deposits as protection against capital flight during the last presidential election.

According to what Daniel Choto wrote in elsalvador.com, the BCR will begin returning the money gradually, freeing $58 million every fourteen days, in 5 installments.

$290 million for Guatemalan banks

January 2009

The Monetary Board extended the term of the money table for domestic banks up to May 31.

Prensalibre.com reports: "The measure allows banks to get funds via repurchase agreements that were authorized on 1 November 2008 and which would have expired on 31 January 2009.

The option of opening a window to provide liquidity in dollars came from the decision of the correspondent banks to cut or reduce lines of credit to local banks."

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