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.
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.
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.
In the first quarter of 2009, banks registered $201.1 million in profits, $99.8 million less than during the same period in 2008.
Copa’s net income for the first quarter of 2010 was $36.7 million, 49% less than the same period of 2010.
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