Honduras launches financial education campaign

The Honduras Association of Banking Institutions will try to decrease the risks and delays in the use of credit cards with a financial education campaign at the national level.

Wednesday, November 5, 2008

The program to be implemented includes several bases (education, public relations and advertising) that will be used to facilitate a culture of responsibility and to create awareness about the possible impact of the global financial crisis.

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Financial Access in Central America

September 2010

Bank Accounts per 1,000 adults: Costa Rica 1354, Guatemala 1140, Honduras 758, Panamá 412.

In branches per 100,000 adults, Guatemala is first with 35, followed by Costa Rica with 23, Panamá 18, El Salvador 9, and Honduras 2. No available data for Nicaragua.

Financial Access 2010 is the second annual survey of financial regulators in more than 140 countries covering the turbulent period between 2008 and 2009.

$1.1 billion in credit card transactions in Honduras

January 2009

With a total of 600,000 card holders, credit cards are one of the financial products that has experienced the most growth.

Heraldo.hn reports: "Maria Lidya Solano, executive director of the Honduran Association of Banking Institution (Ahiba), revealed yesterday that the balance of the personal banking portfolio - credit cards - totaled $1.1 billion (21.2 billion lempiras) on August 31, 2008.

Guatemala's credit card debt at 2.37 billion quetzals

June 2008

The Superintendent of Banks in Guatemala reports that credit card debt is growing in the nation despite disturbing economic signals and now stands at 2.367 billion quetzals, or about 315 million dollars.

It said that despite high interest rates and a threatening crisis, the use of credit cards is concentrated in purchases at supermarkets, restaurants and gas stations.

El Salvador: "Credit Card Law" to be debated on October 8

September 2008

"The purpose of the law is to prevent abuses in the emission and administration of these types of financial products," said the FMLN lawmaker, Blanca Coto, who is on the Finance Commission.

Yesterday the Salvadoran Banking Association(Abansa) affirmed that the credit card market is properly regulated, in response to the initiative which has been unresolved by the Finance Commission since 2001.

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