With a generating capacity of 300 MW, Enel Fortuna is one of the leading providers of electricity in Panama, with average annual earnings of $58 million in the last five years.
The recent financial statements submitted to the Panama Stock Exchange (BVP), for 2012, reveal that the company has achieved total revenues of $187.8 million, while last year the figure was $185 million.
Fitch Ratings has projected higher profit margins for Central American banks.
The outlook on the ratings of banks in Central America and the Dominican Republic in 2013 is Stable. Strong balance sheets and ample liquidity levels that allow them to face external risks, continue to characterize most banking systems, according to Fitch Ratings.
The growth in earnings of 17 banks operating in Costa Rica is higher than credit growth and is four times the country's economic growth.
According to an article in Elfinancierocr.com, "The good performance has been achieved with only a 4% increase in administrative costs and without increasing the size of bank deposits. On the contrary, liabilities have decreased by 2%, a reduction that has been led by public banks. In conclusion, the entities are doing more with less. "
Guatemala banks earned $387 million in 2011, up 17.6% from $329 million in 2010.
Victor Mancilla, Superintendent of Banks, said that besides the increase in profits, the default rate fell to 1.6%.
"Meanwhile, the return on assets (ROA), which is what banks earn for each Q100 invested, rose from 1.6% in 2010 to 1.7% in 2011, meaning that for every Q100 the bank received Q1.60 and Q1.70, respectively.
In 2010 the insurance company's profits grew by 24% in 2009.
The regional growth strategy established five years ago has yielded great results. The significant increase in income is due, in large part, to the company’s operations in Panama, Costa Rica, Nicaragua and El Salvador.
The economic growth experienced by the region in the past has accelerated the insurance business, leading to the Assa Groups’s growth in operations in different countries.
During the period, La Libertad mine produced 24.865 ounces and the Limon Mine 9.174, generating sales of $ 34.4 million and $ 12.6 million, respectively, for a total of 34.039 ounces and $ 47 million in revenues.
Fitch Ratings highlights the liquidity of the insurance market in El Salvador for the first semester.
At the end of the first half of 2010, liquidity in the Salvadoran insurance market was far superior to that of other Central American countries, and even recorded an improvement over the end of the first half of 2009.
Technisys is the omnichannel digital banking company. It offers technology solutions that allow banks to stand out through their customer experience, increase their sales and dramatically reduce their time-to-market when it comes to launching new financial services. Technisys culture lies on its innovation, its human capital talent and its vision of the future. The digital age represents an unprecedented growth opportunity for the financial service providers, and Technisys helps its customers to differentiate and capitalize it.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
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