In a year savings in the banking system both in local and foreign currency increased from $3.5 billion to $4.2 billion.
Tuesday, July 22, 2014
The economic dynamism has increased the savings capacity of Nicaraguans, which is reflected in the figures for savings and fixed term deposits in the domestic financial system.
From a Monetary and Financial report by the Central Bank of Nicaragua:
"...Deposits from the public up to the end of May 2014 stood at 109.409 million cordobas (equivalent to U.S. $4,232.7 million). Growth both in cordobas and dollars was recorded, registering a variation of 16.8 percent in May 2014 (8.0% in May 2013), mainly driven by higher deposits of households, businesses and government. By type, the most dynamic were fixed term deposits, which grew by 20.1 percent. Demand deposits and savings grew by 19.8 and 13.0 percent, respectively. "
"...Up to May 2014, the gross loan portfolio amounted to 88.774 million in Cordobas (U.S. $3,434 million), representing a growth of 22.2 per cent (26% in the same period in 2013). The sectors with the largest share in the total portfolio continued to trade with 35.1 percent, followed by 24.5 percent consumption. The contribution of industrial credit, with a share of 15.8 percent of the total was also highlighted. "
Although up to July loans granted by Nicaraguan banks totaled $5.047 million, 5% more than in the same month in 2017, since May it has been decreasing month by month.
Credit granted by the financial system increased 5.4% year-on-year in July (8.4% in Jun-18), reaching a gross portfolio of 162,568.2 million of cordobas.
Up to October 2017, commercial loans and personal loans reported a 10% YoY growth, respectively, while bank deposits grew 9%.
From a report by the Central Bank of Nicaragua:
The Report indicates that the indicators of the National Financial System (SFN by its initials in Spanish) show dynamism in intermediation, with adequate risk management and good indicators on profitability, solvency and capital.
In May 2016 the gross portfolio of loans granted by the financial system totaled $4.6 billion, 23% more than in the same month last year.
From a report by the Central Bank of Nicaragua:
As of May, financial system indicators show dynamism in intermediation, with adequate risk management and good indicators for profitability, solvency and capital.The loan portfolio of the financial system continues to grow above 20 percent. This credit growth is accompanied by appropriate risk indicators.Meanwhile, deposits are growing with decelerating rates in both currencies.The good performance of the financial system is reflected in the indicators of profitability (ROE of around 20%), solvency (enough coverage for portfolio at risk and overdue) and capital (capital adequacy greater than that required by the regulations).
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