Commercial banking growing in Nicaragua
The Nicaraguan financial system is getting stronger everyday and its credit portfolio throughout the country is growing, the banking system is growing at a bi-annual rate of 25.1%.
Wednesday, September 24, 2008
According to official reports from the Central Bank of Nicaragua (BCN) for July 2008, the credit portfolio managed by the seven banks and thre financial organizations in the country under the supervision of the Superintendence of Banks is at total of 44.7 million cordabas ($117.8 million). Commercial credit is the strongest, followed by mortgages, and then personal loans.
While in 2011 Costa Rica’s economy grew by 4.1%, the assets of the banking system increased by 8%.
The deposits were at $12 billion, an increase of $2 billion compared to 2006.
In 2010, the consolidated assets of the banking system totaled $ 71,932 million, 11.4% higher than 2009.
In September, managed assets reached $64.09 billion, a 0.63% increase when compared to the same period of 2008.
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