Bank credit grows in El Salvador

Despite the tough situation in the country, banking credit grew 9.5% at the end of June 2008.

Friday, August 8, 2008

According to the latest ranking done by the Salvadoran Bank Association (Abansa), the total credit portfolio in June of 2007 was at $8.43 billion, but the bounce in economic activity allowed the portfolio to rise to $9.23 billion at the end of the first six months of this year.

More on this topic

Guatemala: Slowdown in Consumer Credit

December 2017

In November, a year-on-year growth of almost 6% in consumer credit was reported, while in the same month in 2017 there was an increase of 13%.

Figures from the Superintendency of Banks show that the credit portfolio for consumption is the second most significant section of loans with a 30.2% share, after larger business loans that have a 54% share.

Nicaragua: Bank Credit Up 16%

November 2017

As of September, credit granted by the financial system registered a year-on-year increase of 16%, driven by commercial credit and personal loans, which grew by 14% and 15%, respectively.

From a financial report by the Central Bank:

The financial system remains stable as of September.  The loan portfolio grew by 15.6 percent year-on-year. The risk indicators continue below the average for the region and the liquidity of the system was above 31 percent.  In relation to deposits, an interannual growth of 8.7 percent was observed (10.9% in September 2016). Finally, the indicators on profitability, solvency and capital have been found to be stable throughout the year.

Guatemala: Consumer Credit Keeps Rising

November 2015

In September 2015 the consumer credit portfolio amounted to $5.4 million, 15% more than in the same period last year.

Data from the Superintendency of Banks confirmed that consumption remains one of the main drivers of the Guatemalan economy. In September 2015 the balance of the portfolio of bank loans for consumption was 41.744 million quetzales ($5.4 million), above the 36.102 million quetzales ($4.6 million) recorded in the same month in 2014.

The Banco Popular Bank in Costa Rica reactivates housing and consumer credit

January 2009

The bank hopes to offer $548 million in loans for consumption, housing and development in 2009.

Nacion.com reports that "this year the bank hopes to offer $381 million (¢213 billion) in consumer loans and $55 million (¢31 billion) for house construction or purchase.

The Bank will also set aside $148 million (¢82.7 billion) in loans for development."

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