Guatemalan bank reserves increased
Since yesterday financial groups offering loans will be required to have reserves that equal 100% of the expired credits portfolio.
Tuesday, January 6, 2009
According to prensalibre.com, "In order to achieve this, generic reserves have been established to support current (specific) requests.
Tomorrow the Superintendence of Banks (SIB) will request that the Monetary Board approve a modification of the Regulations for Credit Risk Management.
Moody's warns of the risks faced by banks in Central America in the context of a rising trend in interest rates and dollarization of their loan portfolios.
The Central Bank of Honduras is pressuring bankers to enlarge their credit portfolios, but banks are resisting any change to their risk policies.
A bill being promoted by the executive branch seeks to authorize the Bank of Guatemala to finance the capitalization of a bank when it faces problems affecting financial stability.
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