Guatemalan Banks brace for crisis

According to Banguat, the banking system has $614.5 million (Q4,747.6 million) in available liquid assets.

Thursday, November 20, 2008


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"We have insisted that the banks have enough liquidity to meet commitments; that is, they have extra reserves and liquid assets, but in the current situation, they can, as some global banks have done, maintain higher levels as a precautionary measure," the president of Banquat, Maria Antonieta de Bonilla, said.

The official pointed out that in order to make more resources available they are evaluating the possibility of using another type of instrument that can be adjusted as more liquidity is generated due to increased public spending.

More on this topic

$500 Million Loan for Guatemalan Banks Analyzed

March 2009

In order to support liquidity, the government is analyzing whether to accept a $500 million line of credit from the IDB.

The Superintendent of Guatemalan Banks, Edgar Barquín, said that the purpose of this instrument would be to compensate for the likely loss of foreign credit lines.

$290 Million to be Returned to Salvadoran Banking

March 2009

Banks in El Salvador will receive $290 million that where frozen as a liquidity reserve.

The Salvadoran Central Reserve Bank (BCR) had implemented a liquidity reserve of 3% of all deposits as protection against capital flight during the last presidential election.

According to what Daniel Choto wrote in elsalvador.com, the BCR will begin returning the money gradually, freeing $58 million every fourteen days, in 5 installments.

$145 Million Freed to Banks in El Salvador

April 2009

With the backing of the Financial System Superintendent, the Central Reserve Bank began to release half of the additional reserve of $290 million.

Due to the celebration of the recent presidential elections, an additional reserve of 3% had been established, with the anticipation of money withdrawals and capital flight.

Guatemala: Banking System has $3,450 million

September 2011

Funds in the banking system have increased by 10.34% so far this year.

Data provided by the Superintendency of Banks (SB), indicates that loan funds have reported increases year after year. Figures up to December 2008 amounted to $2,449 million, for December 2009 it was $3,013 million, and the balance in December 2010 showed an increase of 4.2%.

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