Nicaragua: Bank credit relaxed
Less requirements by the financial system to get loans for production and home acquisition.
Friday, January 30, 2009
According to the EL Nuevo Diario.com.ni: "One of the measures was to relax the Regulation for the Credit Risk Management, which came into effect on January 1, as authorized by the SIB. According to the regulation, before granting credit, the banks have to request information on the client's income, and check with the risk office at the Superintendence about the financial obligations of the client that is requesting the loan.
The money provided by Panamanian banks has increased by 2.3% since December 2011 due to the dynamism of the economy and competition among financial agents.
At the end of June the credit portfolio of the banking system recorded an increase of 21.5%, with loans to the commercial sector, personal and industry seeing the most demand.
Up to the month of August the balance of the loan portfolio in the banking system amounted to $47.7 million, 9.9% more than in the same month in 2015.
Resources from bank funds totaled $128 million, thanks to increased deposits and other net liabilities, and a decrease in investments made abroad.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar