Advantages of Formality in the search for Credit

83% of companies operating in a legal framework and who were surveyed by the Superior Council of Private Enterprise, obtained credit when they requested it to the financial system.

Thursday, February 11, 2016

From a statement issued by the Superior Council of Private Enterprise in Nicaragua:

The Superior Council of Private Enterprise (COSEP), presents the Sustainable Business Survey Nicaragua 2015.

For its design, implementation and analysis of the results of the survey, technical support was received from the International Labour Organization (ILO) and the Foundation for Economic and Social Development (FUNIDES).

The survey is representative at the national level and in terms of the domains of formality / informality, company size, industry and region. In total, 2,539 companies were surveyed, 49% are formal and 51% informal.

Read full results of the survey here.

More on this topic

Guatemala: Slow Growth in Credit to the Private Sector

April 2018

For this year, growth in banking credit to the private sector is projected at between 6% and 9%, but the year-on-year increase registered up to March was only 4%.

Figures from Banco de Guatemala show that during the year 2017 credit to the private sector grew at a monthly average of 5.17%, and the lowest increases were reported in November and December when the amount increased compared to the same months of 2016 by 4.9% and 3.8% respectively.

El Salvador: Business Credit Up 5% in 2017

January 2018

As of December 2017, the balance of the loan portfolio for private companies amounted to $5.926 billion, 5% more than in the same month in 2016.

According to figures from the Superintendency of the Financial System, the balance of loans for companies grew by $306 million, increasing from $5.620 billion in December 2016 to $5.926 billion in the last month of 2017.

Bank Credit Statistics in Costa Rica

February 2016

Up to December 2015 28% of the total banking portfolio was destined for consumption activities, 26% to the construction sector and 16% to service activities.

Financial Monitoring figures compiled by the Commercial Intelligence unit at CentralAmericaData com show that credit unions are the institutions who awarded the most loans of this type, with 29.8% of their total portfolio.

Costa Rica: Bank Lending Slows

August 2014

The scare liquidity of colones explains the lower growth of loans in this currency, while credit growth in dollars continues to lose strength.

Added to the diminished liquidity in colones putting downward pressure on credit growth in that currency, is uncertainty at enterprise-level over recent changes in the exchange rate and lower credit demand for real estate projects, power generation and tourism, as explained by bankers to

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