Guatemala: Banking Profits Slow Down
Growth up to May 2009 is 2.2% when compared to the same period of 2008, less than the 32.5% registered between 2007 and 2008.
Monday, July 27, 2009
According to data by the Banking Superintendence, up to May 2009, banks have increased their profits in $3.2 million.
Following four years of continuous growth, net profits fell to $51.2 million in the first two months of 2010.
The banking system's late portfolio reached $283 million in June 2009, 24% more than the same month of 2008.
Guatemalan Banks earned $61 million in February, 15% more than the $53 million earned during the same month in 2008.
Up to November 2008 there was an increase of 19% compared to the same period in 2007, according to information from the Banking Superintendence.
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