Nicaragua: Bank Credit Up 14%

Up to October 2017, commercial loans and personal loans reported a 10% YoY growth, respectively, while bank deposits grew 9%.

Monday, December 18, 2017

From a report by the Central Bank of Nicaragua:

The Report indicates that the indicators of the National Financial System (SFN by its initials in Spanish) show dynamism in intermediation, with adequate risk management and good indicators on profitability, solvency and capital.

As of October, the gross portfolio totaled 160,411.2 million córdobas , with a year-on-year growth of 14.2 percent (19.6% in October 2016). Consumer and commercial loans are the ones that contributed most to the growth of the portfolio, while the portfolio at risk and the past due portfolio continue to register stable levels.

On the other hand, deposits in the national financial system amounted to 158,846.9 million córdobas as of October 2017, which represented a year-on-year growth of 9% (10.6% as of October 2016). By currency, deposits in foreign currency showed a year-on-year growth of 9.8%, while deposits in domestic currency grew 6.4 percent.  With regard to the structure of deposits, savings account for 39.6 percent, followed by demand deposits with 34.7 percent and fixed term deposits with 25.6 percent.

See full report (in Spanish).

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Nicaragua: Bank Credit Up 16%

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As of September, credit granted by the financial system registered a year-on-year increase of 16%, driven by commercial credit and personal loans, which grew by 14% and 15%, respectively.

From a financial report by the Central Bank:

The financial system remains stable as of September.  The loan portfolio grew by 15.6 percent year-on-year. The risk indicators continue below the average for the region and the liquidity of the system was above 31 percent.  In relation to deposits, an interannual growth of 8.7 percent was observed (10.9% in September 2016). Finally, the indicators on profitability, solvency and capital have been found to be stable throughout the year.

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