Between November of this year and the same month of 2017, the portfolio of loans granted by Guatemalan banks to the private sector increased 6%, which is caused by the behavior of loans in dollars.
According to figures from the Bank of Guatemala, between November 2017 and the same month in 2018, total credit to the private sector increased from $24.338 million to $25.877 million.
Uncertainty caused by the complex political situation facing the country explains much of the stagnation in the growth of bank credit to the private sector.
Credit to the business sector has remained virtually unchanged since the end of last year to date, reflecting the difficulties faced by companies in planning investments in the short and medium term given the current political situation.Year-on-year growth stands at around 5%, a trend that has been maintained throughout the year.See: "Corruption, impunity and politics"
The credit portfolio grew by 9.8% in 2013, while assets of supervised banking institutions increased by 12%.
During 2013 the bank granted a larger amount of loan, as its portfolio grew by 9.8%. While the loans in 2012 totaled $ 9.139 million in 2013 were $ 10,043 million, a difference of $ 904.3 million.
With regard to assets, these increased by 12% going from $25,162 million in 2012 to $28,176 million in 2013.
In September the total amount of loans to large companies increased by 7.04%, compared to the same period in 2010.
Regarding the data from the Superintendency of Banks (SB), an analyst from the Association for Research and Social Studies (ASIES in Spanish), Ruben Dario Narciso, detailed several reasons that have lead to the increase.
Adequate accounting records and financial controls improve access to credit lines ...
As of November 2008 overdue loans in the banking system rose to $264 million, 85% more than in December 2007 when it was at $142 million.
According to sigloxxi.com, "In September the percentage was at 73.4% compared to the end of 2007.
Similarly, the Banking Superintendence pointed out that the overdue portfolio for credit cards owned by the banks was at 4.7% last November while it was at 5.9% during the same month in 2007."