BANADESA Opens Lines of Credit in Honduras

The government has provided the bank with $61 million so that producers and business people have access to credit.

Tuesday, June 2, 2009

The bank, which only made loans to the agricultural sector, will now also lend to the commercial and services sector.

The Tribune published on its website: "According to government officials, the credit system is being eased in favor of producers and business people to cope with this year’s global economic crisis because the private sector is not doing it."

More on this topic

Credit Grows 23.5% in Nicaragua

September 2013

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

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.

Banco G & T El Salvador has $270 million for Loans

February 2012

The bank is planning to grant loans this year worth $270 million.

Last year it approved $210 million worth of loans to productive sectors such as industry, trade, services, agriculture and construction, an increase of 49% compared to 2010, said the General Manager of the institution, Roberto Silva Alvarez.

Private Sector Credit Still Growing in Guatemala

December 2011

Between November 2010 and November 2011 loan grants have risen by 14%.

The boom being seen in Guatemala’s economy is one of the main reasons explaining the rise in private sector credit, a key indicator of the state of an economy.

In Guatemala’s case, loans granted by financial entities have grown by 14% this year, driven not only by economic growth but also by the interest rate structure which favors debtors.

Salvadoran Banks Have $800 Million to Lend

April 2010

Banks in El Salvador remarked they have resources to boost the country’s economic recovery and lend them to companies.

Armando Arias, president of the Salvadoran Banking Association (ABANSA), explained they now have enough liquidity to assist the country in its economic recovery, thanks to being very cautious during the crisis.

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