Guatemalan bank lending rises by 21.4 percent in a year

Guatemala's banks lent US$9 billion in the year to end-March, a 21.4 percent increase on the previous 12 months, the central bank (Banguat) reported.

Monday, May 26, 2008

Loans for consumer spending accounted for 27.8 percent of the total, followed by 21.9 percent for commerce and industry, and construction with 14.5 percent.

More on this topic

Nicaragua: Bank Credit Up 18%

June 2017

As of April, the gross loan portfolio of the financial system totaled $4,982 million, recording a year-on-year growth of 18%.

Personal credit led the year-on-year growth with 22.3%, followed by credit cards with a rate of 19.8%, however, this sector only represents 7.2% of the total portfolio.

28% Increase in Consumer Credit in Guatemala

October 2011

The amount in loans made in the first nine months of the year, $2,900 million, reflects greater economic dynamism in the country.

According to the Superintendency of Banks (SIB), these types of loans currently represent 26% of the entire banking portfolio.

The corporate manager of strategic planning at the Workers Bank, Mauricio Alvarez, said that consumer credit is one of the most attractive for banks.

Panama: Loans Increase by 7.3%

May 2009

In the first quarter, Panamanian banking has loaned out $1.405 billion, $95.6 million more than during the same period last year.

According to the Panamanian Bank Superintendent, the industrial sector was the one that asked for the most resources.

Edith Castillo Duarte wrote in Prensa.com: "Commerce credit showed a 21.4% increase to $126.9 million and the construction sector received loans of $106.6 million, an increase of 13%."

ATMs Grow by 14% in Guatemala

March 2009

The ATM business has a lot of room to grow in Guatemala where the banking market is still in its beginning stages.

An article published in La Prensa Libre in Guatemala analyzed the market for ATMs in the country. At present, three companies compete for the market: T&T, with 1,100 ATMs, Banco Industrial with 546 and BAC-Credomatic with 100.

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