Bantrab Opens Loans for Individuals and MSMEs
Worker’s Bank (Bantrab) of Guatemala has $61 million to place as personal loans and loans for MSMEs.
Tuesday, May 5, 2009
The funds for reviving the economy and meeting the financing demand from its customers come from a $30 million line of credit from the Central American Bank for Economic Integration (BCIE) and local funding, explained Bantrab CEO, Ronald García to Elperiodico.com.gt.
The average interest rate in Panamanian banks fell from 9.41% in December 2011, to 9.11% in the same month of 2012.
The Superintendency of Banks in Panama has reported that consumer loans amounted to $5.16 billion with four banks hogging 54% of the total.
The financial institution, with a portfolio of consumer loans of $869 million, is the market leader in El Salvador.
Aside from the Colombian Grupo Aval, the Spanish company Banco Popular may also be in negotiations to acquire Citi's entire consumer banking operation in Central America.
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