Guatemalan banks request extension of money table
The banking sector requested that the term for the temporary measure of providing liquidity in US dollars via repo transactions be extended.
Tuesday, January 13, 2009
Sigloxxi.com reports that "Jose Angel Lopez Camposeco, president of the Banking Association of Guatemala (ABG) and the Rural Development Bank (Banrural), commented that the measure worked, "because it is an instrument which gave signals that in case of any need for or suspension of credit, we have resources available."
Funds in the banking system have increased by 10.34% so far this year.
The Monetary Board extended the term of the money table for domestic banks up to May 31.
Monetary authorities are pushing more actions to provide liquidity to the banking system.
Responding to the international financial situation the Panamanian Bank Superintendent's Office has decided to adopt temporary measures.
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