Savings in Guatemala Increase by 16%
In the last twelve months, fixed-term deposits and savings accounts have shown an increase of 16.1%.
Friday, May 22, 2009
According to data from the Bank of Guatemala, up to and including May 14, there were $5.62 billion (Q45.548.billion) in fixed-term, regular and special savings account deposits.
In a year savings in the banking system both in local and foreign currency increased from $3.5 billion to $4.2 billion.
Amid the global financial turmoil it seems that the only safe haven are fixed term deposits... that is until we recover our cash and try to use it ...
Between March last year and the same month in 2014, total deposits in the domestic financial system went from $3.431 billion to $4.185 billion.
In 2009, the number of savings, checking and fixed-term accounts in dollars increased 26% when compared to 2008.
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