Slight Drop in Guatemalan Banking Profits

In the first six months of 2010 profits totalled $169 million, 3.6% below the total recorded in the same period of 2009.

Thursday, July 29, 2010

According to statistics from the Guatemalan banking regulator (SIB), which will publish its report next Friday, profits in the first six months of 2009 were $175.1 million.

The banks that reported the largest profits for the first half of 2010 were Industrial with $46.5 million, followed by Banrural with $42.5 million and G&T Continental with 27.2 million," reports Prensalibre.com.

More on this topic

Guatemalan Financial Sector's Profits Up 3%

August 2010

In the first half of the year, the ten financial groups operating in the country posted profits totalling $216 million.

According to Guatemalan Banking Regulator (SIB) figures, profits in the first half of 2009 were $210 million.

"The list of ten financial groups is led by a bank, followed by a mix of financing institutions and offshore banks.

Guatemala: Credit Card Debt Declines

July 2010

In the first half of the year, a slight drop in credit card portfolios was reported relative to the end of 2009.

According to Guatemala's banking regulator (SIB), in June 2010 there were approximately 1.5 million credit card holders with $800 million worth of debt, lower than the $845 million reported at the end of December 2009.

Profits Down at Guatemalan Banks

April 2010

Following four years of continuous growth, net profits fell to $51.2 million in the first two months of 2010.

Data from the Banking Superintendence (SB) shows that in the first two months of 2007 banks made a profit of $37 million, $54 million in 2008 and $62.3 million in 2009.

El Salvador: Banking Profits Down 63.5%

November 2009

Salvadoran banks made a profit of $43.6 million in the first 9 months of the year, $75 million less than the same period 2008.

All the banks in the system fared worse than last year, with the exception of Banco Azteca and Citibank.

"Credit was down 9%, as there were less loans granted to the private sector", reported Elsalvador.com.

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