Congress has approved an IDB loan for the construction of three centers that make up the Ciudad Mujer project in Tegucigalpa.
The loan was agreed in a pact signed in late December by the director of the initiative of Salvadoran origin 'Ciudad Mujer' (Woman City) in Honduras, Rosa Lourdes Paz, and the IDB representative in Honduras, Mirna Liévano.
As of December 31, 2016 the balance of loans granted by banks and financial institutions grew by 5.5% compared to the same month in 2015, reaching $12,409,000.
Figures from the Financial System Regulator point out that in the same period deposits grew by 3%, reaching $11,243 million.Most noteworthy were private sector deposits, which increased by $380 million, while the public sector fell by $53 million.
Up to September 2016 annual growth in the loan portfolio of the banking system decreased from 23% to 20%.
From the Central Bank´s financial report, September 2016:
Credit growth declined. In September 2016, gross loans totaled 136,803.4 million cordobas, with a growth of 20.0 percent. This represents a decrease of 3.1 percentage points compared to the figure seen in September 2015.Meanwhile, real credit growth declined by 3.9 percentage points compared to that observed in September 2015 (19.8% vs 15.9% 2015 2016).The gross loan portfolio of the financial system remains active with the most weight in the balance of the financial system (66.0%).
Up to the month of August the balance of the loan portfolio in the banking system amounted to $47.7 million, 9.9% more than in the same month in 2015.
Although the latest official census figures on constructions were not very promising, this sector continues to lead the growth of credit in Panama.Up to August, credit granted by banks to the construction sector recorded its second highest rate of growth, with 16%, preceded only by credit for industrial activities, which grew by almost 20% during the period in question.
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