Credit Card Market Stagnant in El SalvadorConsumer budgets are still healing from the economic crisis, delaying a recovery in credit card lending.Thursday, April 8, 2010
Almost 60.000 credit cards were cancelled during 2008 and 2009, half of them for delinquency by their owners. Many others maxed out their credit and cannot use their cards anymore. Source: elsalvador.com ¿Busca soluciones de inteligencia comercial para su empresa?Need assistance? Contact us
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Costa Rica: Bank Acceptances DO Affect Bank RiskApril 2013 The instrument which had been viewed as a way to circumvent the current credit squeeze, is now officially considered as another form of credit facility. Fewer Loans to Private Sector in El SalvadorApril 2010 At the end of February the loan portfolio of Salvadoran banks was 4.6% smaller than the same month of 2009. Panama: New Credit Cards Down 58%September 2009 In the first half of the year, 4.458 new credit cards were issued, 6.969 less than the same period of 2008. Financial crisis starting to affect Nicaraguan BankingDecember 2008 The effects are already visible, there is a strong reduction in the credit for housing and vehicles, as well as a restriction of credit cards.
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