Credit Grows 23.5% in Nicaragua

Between January and July 2013 financial institutions granted loans worth $3 billion, $574 million more than in the same period in 2012.

Thursday, September 19, 2013

Globally, credit rose by 23.5% up to July, lower than that reported in the same period in 2012 when it was 32.8%.

Data from the Central Bank of Nicaragua (BCN), reveals that although funding to the agriculture and livestock sectors grew by more than 23%, the two remain the least attractive sectors for banks.

"Of the total amount disbursed in the seventh months of the year, only 12.37% was used for farming activities, both key in the country's productive network ," noted an article in Laprensa.com.ni.

Moreover, the internannual increase in deposits was 9.3% with an amount of a $3,902 million. Due to the slow growth of deposits, "the liquidity of the domestic financial system has decreased reaching levels similar to the pre-crisis period, while investments continue to decline, thus freeing resources for credit delivery," explained the BCN.



More on this topic

Panama: Banking Credit Boom Continues

February 2014

Between January and November 2013, Panamanian banks gave out 14% more loans than in the same period of 2012.

Statistics from the Superintendency of Banks of Panama (SBP), reveal that during the first 11 months of 2013, the National Banking System (SBN by its initials in Spanish) gave out 14% more loans than in the same period of 2012, with its balance being $24.8154 billion.

Loan Portfolio in Guatemala Up 17%

October 2013

Up until the end of September banks provided loans worth $15.356 billion, $2.226 billion more than in the same period in 2012.

This was revealed by data published by the Superintendency of Banks (SIB). "The information relates to loans to large businesses which make up 54,02% of the total with $8.295 billion, while the microcredit sector has the lowest share with 2.41% participation, equivalent to $369 million," reported Prensalibre.com.

Credit Portfolio in Guatemala Grows 17.4%

September 2013

Up to July banks had $14.963 billion in lendable resources, while in the same month of 2012 the figure was $12.738 billion.

Of that total, the sector of electricity, gas and water was the fastest growing activity with 50.64%, going from a balance of $538 million in 2012 to $810 million in 2013. Second place is held by the business sector which grew 20.92% with $1.394 million.

In Depth Review of Credit in Panama

August 2013

One third of Panamanians have on average three loans, and they make payments on them with an acceptable default rate.

About 1.2 million Panamanians have loans, of which 85% are employees.

According to Luz María Salamina, general manager of the Panamanian Credit Association (CPA), "...

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