El Salvador: SSF Insists that Banking System is Sound

According to the Financial System Superintendent, Salvadoran banking is well capitalized, with strong indicators.

Tuesday, May 12, 2009

The Superintendent of the Financial System, Luis Armando Montenegro, told Laprensagrafica.com that the Salvadoran banking system is solid, "so at this time it is not necessary to perform stress tests, such as those conducted recently by the FED in the United States..."

Additionally, the official indicated that the level of bank capitalization in El Salvador is more than the 8% required by Basilea. "Most banks are above 12%. We could not conduct a test of this nature at this time," Montenegro told the medium.

More on this topic

Guatemala: Banking Panorama - July 2016

July 2016

Fitch Ratings notes that the Guatemalan banking system reports one of the lowest rates of delinquency in the region.

From the report 'Panorama of Guatemalan Banks' by Fitch Ratings:

Local Majority Banking System: The largest banks (70% of loans in the system) belong to local shareholders. At the same time, foreign-owned banks increased their share after Bancolombia acquired the controlling stake in Banco Agromercantil de Guatemala, S.A. (BAM).

Panamanian Banking Center Continues to Grow

August 2015

Six new institutions want to join the 94 that make up the banking center which operates in the country, whose assets grew by 35% in the last three years.

Data from the Superintendency of Banks indicates that "... the banking center currently has 94 entities: 2 official banks, 18 Panamanian banks with a general license; 29 foreign banks with a general license, 29 internationally licensed and 16 representative offices.

Panama: $30 Million for Banvivienda

December 2009

Grupo Mundial will enlarge the capital base of bank "Banco Banvivienda" for the second time in 2009.

In June, the group had injected $10 million in the bank.

Prensa.com reports: "...the purchase of 65% of Aseguradora Mundial on behalf of Spanish corporation Mapfre... implies a $102.7 million cash payment for the group, in additon to $4.5 million in dividends for 2009's operations, as well as 35% of Mapfre Central America".

Bac-Bamer authorized to increase its capital base

July 2008

The National Commission of Banking and Insurance in Honduras has authorized Banco America Central (Bac-Bamer) to increase its capital base from 95.4 milion dollars to 132.3 million.

Bac-Bamer manager Jacobo Atala says the increase in capital is based on a study. The bank needs a larger capital base, even though it's already the largest financial system in the nation.

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