Nicaragua: Less Credit Cards Issued
In the first six months of the year, figures show 32,738 less credit card holders.
Tuesday, August 10, 2010
The head of the Nicaraguan banking regulator, Víctor Urcuyo, indicated that between June 2009 and June 2010, the number of plastic card customers has dropped from 216,369 to 183,631.
Experts estimate that financial companies will issue 20% less credit cards when the new regulations come into force.
The Superintendent of Banks in Guatemala reports that credit card debt is growing in the nation despite disturbing economic signals and now stands at 2.367 billion quetzals, or about 315 million dollars.
With a total of 600,000 card holders, credit cards are one of the financial products that has experienced the most growth.
As of December 2010, debtors totaled 257.970, 17.4% less than the 312.158 existing in December 2009.
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