Guatemalan bank lending rises by 21.4 percent in a year
Guatemala's banks lent US$9 billion in the year to end-March, a 21.4 percent increase on the previous 12 months, the central bank (Banguat) reported.
Monday, May 26, 2008
Loans for consumer spending accounted for 27.8 percent of the total, followed by 21.9 percent for commerce and industry, and construction with 14.5 percent.
The ATM business has a lot of room to grow in Guatemala where the banking market is still in its beginning stages.
In the first quarter, Panamanian banking has loaned out $1.405 billion, $95.6 million more than during the same period last year.
The amount in loans made in the first nine months of the year, $2,900 million, reflects greater economic dynamism in the country.
Panamanian banks were prudent and dodged the crisis successfully; they are now full of cash, and eager to lend money.
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