Guatemalan Banks report $292 million in earnings

Despite the slowdown of the economy, banks reported on October 30 that they had an increase of 23% in comparison to October 2007.

Tuesday, December 2, 2008

The entity with the best results was Banrural, with $90 million (Q616.2 million) or an substantial increase compared tot he $73 million (Q559.3 million) recorded in the first ten months of last year.

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Costa Rica: Bank Earnings Rise 30%

January 2013

Costa Rican Commercial banks closed 2012 with net income of $360 million, which is a 30% increase in nominal terms compared to 2011.

Those who reported the highest earnings were public banks, meanwhile private banks reported the highest growth last year in 2012, closing with $111 million, 32% higher than 2011. (This amount does not including the banks results from the banks Citibank, General, Bansol and Improsa).

Guatemalan Banking Profits Grow by 15%

April 2009

Guatemalan Banks earned $61 million in February, 15% more than the $53 million earned during the same month in 2008.

According to the general manager of Banco de los Trabajadores, Ronald Garcia, the increase in profits was due to prudence and a reduction in financial service costs: "The opening of non-traditional channels such as electronic made services less expensive," the official told the newspaper La Prensa Libre of Guatemala.

Copa Holdings Increases Profits 46%

February 2009

Copa Holdings S.A., a holding company of Copa Airlines y Aero República, gained $51.9 in the fourth quarter of 2008, 46.1% more than the same period of 2007.

The operating revenue of the business, which lists in the New York Stock Exchange under the ticker CPA, were $84 million -an increase of 95.5% in comparison with $43 million obtained in the last quarter of 2007.

Guatemala: Banks profits total $278 million in 2008

February 2009

According to data from the Superintendence of Banks, the banking sector earned the equivalent of 16.3% of its shareholder equity in profits.

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.

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