According to figures from Banco de Guatemala, credit to the private sector up to May 2018 grew by 4.1% compared to the same month in 2017, rising from $24.611 billion to $25.725 billion. This increase was below the 8% increase recorded between the same months of 2016 and 2017. 

Regarding performance of loans according to segments, Elperiodico.com.gt reports that " ... major business loans and mortgages are those that have exceeded the level of last year. Consumer loans despite having a growth of two percent, is below the 4.9 percent at the close of 2017." 

The article adds that " ...The smallest business loans, that is, those of less than Q6 million, and microcredits maintain their negative trend and deepen the fall of last year with levels of 4.9 and 4.4 percent, according to statistics published by the central bank with information from the Superintendence of Banks (SIB)."

See credit figures for the private sector (In Spanish)

Source: elperiodico.com.gt

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More on this topic

Credit to the Private Sector Rebounds

August 2018

Up to July 2018, credit granted by Guatemalan banks to the private sector totaled $26.06 billion, 4.5% more than was reported in the same month in 2017.

The most recent data from Banco de Guatemala shows that credit to the private sector in the seventh month of 2018 grew by 4.5% compared to the same month in 2017, rising from $24.611 billion to $24.942 billion. This increase was below the increase of 5.3% registered between July 2016 and 2017. 

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The most recent figures from the Superintendency of Banks reported that in the third month of the year the private sector's credit portfolio totaled $51.668 billion, which is equivalent to an increase of 6.2% compared to the $48.665 billion reported up to March 2017. 

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