Guatemala: Banks profits total $278 million in 2008
According to data from the Superintendence of Banks, the banking sector earned the equivalent of 16.3% of its shareholder equity in profits.
Tuesday, February 3, 2009
PRENSALIBRE.com reports on its website: "For each $12.71 (Q100) that the banks have in capital, last year they earned an average of $2.07 (Q16.30), according to the report for December that was published by the SIB.
The Superintendency of Banks of Guatemala, in accordance with Article 19 of the Law on Banks and financial groups, has authorized the purchase by Grupo Financiero Ficohsa of 90% of the shares of Banco Americano, S.A.
Business loans of more than $ 640.000 pay between 8% and 12.5%.
Guatemalan Banks earned $61 million in February, 15% more than the $53 million earned during the same month in 2008.
Despite the slowdown of the economy, banks reported on October 30 that they had an increase of 23% in comparison to October 2007.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar