Bank Credit Decreased 9% in 2018

Up to December 2018, the gross portfolio of the financial system in Nicaragua totaled $4.464 million, 9% less than in the same month in 2017, partly because of the performance of commercial and personal credit.

Wednesday, February 20, 2019

From the Central Bank of Nicaragua report:

For commercial credit, there was a 10.7 percent reduction from last year and for personal loans, the reduction was 14.1 percent. On the other hand, the mortgage sector, the third largest, whose portfolio represents 15.3 percent, grew 3.9 percent. In terms of dynamics, all sectors slowed or declined from last month.

On the other hand, with reference to portfolio quality indicators, it can be observed that the portfolio at risk decreased in relation to what was observed last month. The SFN registered a portfolio at risk of 8.5 percent (9.2% in Nov-18) and a past-due portfolio of 2.6 percent (2.9% in Nov-18).

It should be noted that the past-due portfolio indicator among gross portfolio in Nicaragua was slightly above the average for Central America and the Dominican Republic (CARD), which up to September 2018 was reported at 2.4 percent, according to data published by SECMCA. In terms of portfolio quality, 88.7 percent is classified as an "A" portfolio.

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Bank Credit is Reduced by 7%

January 2019

Up to November 2018, the gross portfolio of the financial system in Nicaragua totaled $4.716 million, 7% less than in the same month in 2017, partly because of the performance of commercial credit.

From the Central Bank of Nicaragua report:

In November, the financial system's loan portfolio decreased by 6.8 percent year-on-year (3.5% in Oct-18), reaching a gross portfolio of 153,055.5 million Cordobas.

Nicaragua: Credit to the Commercial Sector Goes Down 2%

November 2018

At the end of September of this year, the gross portfolio of the country's commercial sector reached $1.703 million, which is 2.1% lower than that reported in the same month of 2017.

Central Bank of Nicaragua (BCN) reported that, at the end of September of this year, the country's gross banking portfolio reached $4,891 million, 0.3% less than that reported in the same month of 2017.

Bank Credit On the Rise At the Beginning of 2018

March 2018

During January in Nicaragua, the gross portfolio of the financial system totaled $5.371 billion, 14% more than in the same month in 2017, explained in part by the performance of commercial credit.

The Central Bank of Nicaragua reported that " ...The sectors with the highest representation in the portfolio are commercial credit and personal loans, with both sectors accounting for 55.4 percent of the total portfolio. On the other hand, the portfolio at risk and the past due portfolio continue to register levels below the rest of the Central America, Dominican Republic and Panama (CAPARD) region."

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.