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.

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Regular Economy - Banks Doing Very Well

May 2012

While in 2011 Costa Rica’s economy grew by 4.1%, the assets of the banking system increased by 8%.

The financial system of Costa Rica made a giant leap in the second half of 2011, with assets of the 17 constituent entities increasing their growth rate from 2% in June to 8% at the end of the year.

Panamanian Banking Center Grows 11.4%

February 2011

In 2010, the consolidated assets of the banking system totaled $ 71,932 million, 11.4% higher than 2009.

The superintendent of banks, Alberto Diamond, said that net income reached $ 1,067 million in 2010, 16.1% higher than 2009.

"Diamond specified that deposits in the domestic banking system amounted to 44.195 million dollars in 2010, of which 44.3% are fixed term deposits, 18% savings and 15% cash deposits," adds Prensa.com.

Panama's Banking Center Remains Solid

December 2009

In September, managed assets reached $64.09 billion, a 0.63% increase when compared to the same period of 2008.

Mario de Diego, executive vice president of the Banking Association of Panama, stressed the Center's solidity, whose assets continue to grow and maintains good liquidity.

Deposits at Guatemalan banks grew 20% in two years

January 2009

The deposits were at $12 billion, an increase of $2 billion compared to 2006.

According to the Siglo XXI newspaper, the Superintendence of Banks in Guatemala indicated that the opening of accounts grew at a faster rate, going from 6.5 million accounts in 2006 to 8.3 million in 2008, an increase of 26%.

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