El Salvador: Bank Deposits Up 5.6%

Deposits to May totalled $9.2 billion, $0.5 billion more than at the same point in 2009.

Monday, August 2, 2010

The executive director of the Salvadoran banking association (ABANSA), Marcela de Jiménez, believes that this upward trend reflects a rise in certain economic activities, such as exports, remittances and, of course, savings.

Jiménez told Elsalvador.com that, "the increase is proof of people's confidence El Salvador's public and private banking system".

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Excessive Liquidity in Nicaragua´s Banks

October 2010

The volume of total deposits accounted for 50% of GDP and becomes mostly government debt.

El Nuevo Diario reports, "in that sense, the Central Bank managed not only to extract resources from the economy, but also strengthened the country's international reserves, while private financial institutions also bought government securities, instruments used to finance the nation´s deficit."

Honduras: Historical Growth for Banking Liquidity

August 2009

Between January and July 2009, the liquidity of Honduran Banks grew 242%, from $1.05 billion to $2.45 billion.

60% of available funds are in Lempiras, the national currency, while the remaining 40% are in dollars.

Such growth was a result of monetary policies by the Central Bank of Honduras, who increased the amount of money in the economy by removing some obligatory investments on deposits, and reducing and eliminating reserve requirements.

$200 Million for Contingencies in Nicaragua

April 2009

With the loan, the Central Bank will face "temporary liquidity contingencies” and give backing to public bank deposits in the domestic financial system.

The loan was granted by the Central American Bank for Economic Integration (BCIE) so that Nicaragua could face up to the consequences of the international financial crisis.

Salvadoran Banking Association (Abansa) doesn't see deposit leak

October 2008

All pre-electoral periods generated uncertainty among business people and investors, however, according to Abansa, there is nothing to indicate that there is going to generate a departure of deposits by the general public.

The new executive director of Abansa, Marcela Olivares de Jimenez, said that "we are not seeing a possible scenario of significant decline in public deposits."

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