Bank Credit Up 4%

Up to May 2018, credit granted by Guatemalan banks to the private sector totaled $25.725 billion, 4% more than was reported in the same month in 2017.

Thursday, June 21, 2018

According to figures from Banco de Guatemala, credit to the private sector up to May 2018 grew by 4.1% compared to the same month in 2017, rising from $24.611 billion to $25.725 billion. This increase was below the 8% increase recorded between the same months of 2016 and 2017. 

Regarding performance of loans according to segments, Elperiodico.com.gt reports that " ... major business loans and mortgages are those that have exceeded the level of last year. Consumer loans despite having a growth of two percent, is below the 4.9 percent at the close of 2017." 

The article adds that " ...The smallest business loans, that is, those of less than Q6 million, and microcredits maintain their negative trend and deepen the fall of last year with levels of 4.9 and 4.4 percent, according to statistics published by the central bank with information from the Superintendence of Banks (SIB)."

See credit figures for the private sector (In Spanish)

Do you need to keep track of the key economic indicators in Central America?

Request more information about our Regional Economic Monitor.








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Credit to the Private Sector Rebounds

August 2018

Up to July 2018, credit granted by Guatemalan banks to the private sector totaled $26.06 billion, 4.5% more than was reported in the same month in 2017.

The most recent data from Banco de Guatemala shows that credit to the private sector in the seventh month of 2018 grew by 4.5% compared to the same month in 2017, rising from $24.611 billion to $24.942 billion. This increase was below the increase of 5.3% registered between July 2016 and 2017. 

Private Credit Up 6% up to March 2018

June 2018

Mortgages and personal loans were largely responsible for the increase in domestic credit to the private sector, registered between March 2017 and the same month of 2018.

The most recent figures from the Superintendency of Banks reported that in the third month of the year the private sector's credit portfolio totaled $51.668 billion, which is equivalent to an increase of 6.2% compared to the $48.665 billion reported up to March 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 14% in 2017

February 2018

Over the past year, the gross portfolio of the financial system totaled $5.323 billion, 14% more than in 2016, explained in part by the performance of commercial credit.

Regarding the activities financed, the Central Bank of Nicaragua (BCN) reported that at the end of 2017 " ...

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Professional ink refill franchise for sale

Ink and toner refills with latest generation machinery exclusively for the franchisee in Central America, investment opportunity with fast return.
Ink and toner refills with latest generation machinery...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Dec 1)
Brent Crude Oil
47.25
Coffee "C"
118.15
Gold
1,814
Silver
23.935