Deposits at Guatemalan banks grew 20% in two years

The deposits were at $12 billion, an increase of $2 billion compared to 2006.

Thursday, January 8, 2009

According to the Siglo XXI newspaper, the Superintendence of Banks in Guatemala indicated that the opening of accounts grew at a faster rate, going from 6.5 million accounts in 2006 to 8.3 million in 2008, an increase of 26%.

85.3% of the earnings where in local currency (the quetzal).

According to the article in Siglo XXI, experts indicated that "the country does not have much of the population using banking services, hence the reason for the huge "margins"."

More on this topic

Guatemala: 2014 4th Report on Financial Inclusion

February 2015

The Superintendency of Banks in Guatemala has published the Financial Inclusion Report corresponding to the fourth quarter of 2014, noting an increase of 15% in the number of account holders.

From a statement issued by the Superintendeny of Banks in Guatemala:

Financial Inclusion refers to a set of actions which aim to increase access and improve the use of financial services for all segments of the population, including those who have traditionally been neglected, ie, the poor and rural segments. Its importance centers around the fact that lack of access to financial services causes people limitations in their ability to save, receive credit and to protect against the occurrence of situations or disasters that may affect them in their daily lives, through insurance coverage.

Panama: Bank Deposits Up 47%

October 2014

Growth in income and increased foreign investment explain part of the increase from the $49,730 million worth in deposits in August 2010 to $73,302 million in the same month this year.

The Superintendency of Banks of Panama (SBP) reported that deposits which grew the most in the period in question are internal deposits in the International Banking Center (IBC) with a balance of $44.6 million, followed by individual deposits, with $34.1 million and finally government deposits with $6.4 million.

Panama: Deposits Double in Five Years

August 2011

Most of the savings are held by individuals and local licensed banks.

Total deposits rose from about $28 billion in 2006 to more than $54 billion currently, according to the Panamanian Superintendency of Banks.

Of the total, 77% corresponds to savings by individuals, while 85% of them are deposited in banks with a national license.

Panamanian Banking Center Grows 11.4%

February 2011

In 2010, the consolidated assets of the banking system totaled $ 71,932 million, 11.4% higher than 2009.

The superintendent of banks, Alberto Diamond, said that net income reached $ 1,067 million in 2010, 16.1% higher than 2009.

"Diamond specified that deposits in the domestic banking system amounted to 44.195 million dollars in 2010, of which 44.3% are fixed term deposits, 18% savings and 15% cash deposits," adds Prensa.com.

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