Loan Portfolio Up 11% in Guatemala

Up to February this year the balance of loans granted by the 18 banks registered in the country amounted to $15.8 billion.

Thursday, March 27, 2014

The loan portfolio grew by 11.7% in Guatemala in the past year as reported by the Superintendency of Banks of Guatemala (SIB), a figure that confirms the growing economy.

"The Superintendency of Banks of Guatemala (SIB) reported that banking sectors loan portfolio totaled approximately $15.8403 billion as of February this year. The figure represented an increase of 11.7% compared to the amount reported in the same month in 2013."

"On the other hand, assets grew by approximately 12.46% totaling about $28.72971 billion."

"Earnings improved by 3.99%," according to the Superintendency, these were around $70.7 million. "

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