Defaults Increase in the Banking Credit Sector in El Salvador

The December 2008 credit default index was 2.79%, according to data from the Salvadorian Banking Association (ABANSA).

Tuesday, February 10, 2009

Laprensagrafica.com reports: "Based on the information provided by banks, the increase in defaults in 2008 in comparison to 2007 was $256.9 million as reflected in past due accounts. At the end of last year, banking clients had $74.1 million more in delinquent payments compared to 2007 when defaulted loans reached $182.8 million thereby placing defaults at a level of 2.05%, a figure that has been stable in recent years."



More on this topic

Banking Defaults Increase 22% in El Salvador

March 2010

Past due loans increased to $325 million, 22% more than the same period of 2009, when they summed $266.2 million.

Loans for consumption, home buying and commerce are the ones experiencing the highest levels of overdue payments, according to data from Abansa (Banking Association of El Salvador).

Loan Delinquency Increases in Costa Rica

August 2009

By July, 2.215 of all loans outstanding are more than 90 days behind in their payments, according to Sugef data.

Even though since November 2008 delinquency has shown an upward trend, it is currently below 3%, a level considered "normal" by the Superintendence of Financial Institutions (Sugef).

Panama: Defaults Increase in the Banking Credit System

February 2009

In the month of June of 2008, past due accounts and defaults represented 2.4% of the credit accounts receivable; in September, 2.7%; and in December, 3.4%.

Prensa.com publishes in its website: "Commercial banks should maintain defaults under control and make other provisions to assure stability."

Guatemala: Overdue loan portfolio increases to 86%

January 2009

As of November 2008 overdue loans in the banking system rose to $264 million, 85% more than in December 2007 when it was at $142 million.

According to sigloxxi.com, "In September the percentage was at 73.4% compared to the end of 2007.

Similarly, the Banking Superintendence pointed out that the overdue portfolio for credit cards owned by the banks was at 4.7% last November while it was at 5.9% during the same month in 2007."

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