Bank Credit is Reduced by 7%

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.

Tuesday, January 29, 2019

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.

Regarding the modality of the financed activities, commercial credit and personal loans remain the most representative, with both sectors totaling 53.7% of the total portfolio (55.4% Oct-18).

Compared to last month, both sectors showed a greater decline than what was observed. For commercial credit, there was an 8.8 percent reduction compared to last year and in the case of personal loans, the reduction was 11.5 percent. On the other hand, the mortgage sector, the third largest, whose portfolio represents 15.0 percent, increased 5.4 percent. In terms of dynamics, all sectors slowed or declined from last month.

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More on this topic

Bank Credit Decreased 9% in 2018

February 2019

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.

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.

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 is Declining

October 2018

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.

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."

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