Earnings Fall by 39.1% in Honduan Private Banking

At the end of the first quarter of this year, profits were $32 million, 39.1% less than during the same period last year.

Thursday, June 4, 2009

This is the first time in the last ten years that the Honduran banking system has registered a decrease in profits.

Journalist Luis Rodriguez wrote on the El Heraldo website: "The institutions that closed their balance sheets in the red were international banks such as HSBC (-59.8 million Lempiras, $3.17 million) Bancovelo (-3.4 million Lempiras, $180 thousand) and ProCredit (-29.5 million Lempiras, $1.56 million). The remaining 14 banks reported profits, but lower than those observed in the first quarter of 2008.

More on this topic

Costa Rica: Earnings by state and public sector banks fall

August 2008

State and public sector banks' earnings fell during the first semester of the year in comparison to the same period from the previous year due to lower profits at the Banco Popular Bank.

Together, the net profits (after taxes and dividends) of the three state banks and the Banco Popular Bank added up to almost $47 billion, 14% less than the figure for the first semester of last year.

El Salvador: Banking Profits Down 63.5%

November 2009

Salvadoran banks made a profit of $43.6 million in the first 9 months of the year, $75 million less than the same period 2008.

All the banks in the system fared worse than last year, with the exception of Banco Azteca and Citibank.

"Credit was down 9%, as there were less loans granted to the private sector", reported Elsalvador.com.

Panama: Banking Profits Down by 33.2%

May 2009

In the first quarter of 2009, banks registered $201.1 million in profits, $99.8 million less than during the same period in 2008.

In February of this year, the profits of Panamanian banks were $26 million. However, while earnings rose to $86.2 million in March, they were 36.6% less than those obtained during the same month in 2008.

Copa Holding Profits Down 49%

May 2010

Copa’s net income for the first quarter of 2010 was $36.7 million, 49% less than the same period of 2010.

Copa Holdings S.A., the parent of Panama-based Copa Airlines and Colombia-based Aero República, said its first-quarter net income fell 49 percent to $36.7 million, hit by currency charges and higher fuel costs. The results compared to a net profit of $71.6 million, in the same period a year earlier.

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Organización Banca 2000 S.A.

Organization that operates in Guatemala.
Phone: (502) 41969264 - (502) 41969264

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