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.

If it is confirmed that 40% of the income of the client are committed, the credit cannot be granted."

More on this topic

Credit Grows in Panama

May 2012

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.

Panamanian banks granted $616.68 million in loans in the first quarter of 2012, an increase of 2.3% since December 2011, according to data from the Superintendence of Banks in Panama.

Nicaragua: Bank Credit Up 21.5%

November 2014

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.

Despite being the smallest national bank in the Central America, it is the one that has reported the highest growth in its loan portfolio during 2014, growing by 21.55% at the end of the first half of 2014.

Panama: Bank Credit Up 10%

November 2016

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.

Although the latest official census figures on constructions were not very promising, this sector continues to lead the growth of credit in Panama. Up to August, credit granted by banks to the construction sector recorded its second highest rate of growth, with 16%, preceded only by credit for industrial activities, which grew by almost 20% during the period in question.

Nicaraguan Banking Figures - February 2016

March 2016

Resources from bank funds totaled $128 million, thanks to increased deposits and other net liabilities, and a decrease in investments made abroad.

From a statement issued by the Central Bank:

The Central Bank of Nicaragua (BCN) reports that on March 18, 2016 it has published its Monetary and Financial Report for the month of February 2016.

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