Increase in Unpaid Loans in El Salvador
Difficult to recover or irrecoverable loan portfolios are growing, a result of the deterioration of the users’ payment capacity.
Tuesday, May 5, 2009
Banks’ highly rated loan portfolios, such as A and B are experiencing a decrease; such is the case with loans classified as A1 and A2, which in March had a decrease of 4%, "which represented $326.8 million in loans that dropped in category," according to data from the Salvadoran Banking Association (ABANSA), published in Laprensagrafica.com.
In Panama, consumer credit closed 2011 with a portfolio worth $5,702.9million, an increase of 8% compared to 2010.
The Superintendent of Financial Institutions of Costa Rica reported that the repossession of property for unpaid debts rose 77% from February 2008 to February 2009.
Salvadoran banks want restrictions to be eliminated so that all financial institutions can share and have access to positive or negative credit histories of their customers.
Private banks will present recommendations and observations to improve access to credit for SMEs.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar