Interest rates for loans and deposits rise in El Salvador

Interest rates for loans and deposits rose again in September, according to the reference published by the Central Reserve Bank (BCR).

Wednesday, October 15, 2008

Regarding the active interest rate (loans) that is applied to loans with terms over a year, the increase was 0.21%, taking it up to 9.76%. This latest increase in interest rates for this type of credit is close to the highest percentage increase recorded in the last two years, which was 9.88% last March, according to records from the BCR.
Mean while, for loans which terms that are less than a year, the increase was 0.06%, regarding August, ending up at 7.55%.

More on this topic

Panama: Bank Deposits Grow by 11%

December 2011

Internal deposits in individual savings accounts in the banking systems amounted to $25 billion.

The confidence of Panamanian and foreign savers is reflected in the amount of deposited funds in the countries banks, which has grown considerably in the last few years.

Of all the money deposited in the system, internal funds have shown the greatest growth, which at the end of the third quarter was 11% more than in the same period in 2010.

Panama: Deposits Double in Five Years

August 2011

Most of the savings are held by individuals and local licensed banks.

Total deposits rose from about $28 billion in 2006 to more than $54 billion currently, according to the Panamanian Superintendency of Banks.

Of the total, 77% corresponds to savings by individuals, while 85% of them are deposited in banks with a national license.

Nicaragua: Savings in Banking System Grow

June 2011

Economic recovery and resources from the Venezuelan Cooperation explain the rise in deposits.

The deposits in Nicaraguan national banks, especially those denominated in foreign currency, have shown significant increases in recent months.

Economists say the increase is due in part to improved economic conditions prevailing in the country, which have increased Nicaraguans savings and their confidence in the banking system.

Guatemalans Savings Up 13.6%

February 2011

Total savings reported in 2010 were $ 3,389 million, 13.6% higher than 2009.

According to information from the Superintendence of Banks, the total reported by the banking system in 2009 was $ 2,982 million.

"This data shows that most savings are kept in Quetzales. ... In December of last year the total was $ 2.927 million, 13% more than the $ 2.672 million reported in 2009", reported Sigloxxi.com.

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