Guatemala: 2014 4th Report on Financial Inclusion

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.

Friday, February 13, 2015

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.

The Quarterly Financial Inclusion report includes indicators aimed at measuring the two dimensions of financial inclusion, which are access and use of financial services in the banking system. The report was prepared taking into account basic international best practices to achieve consistency and comparability in respect of similar indicators in other countries that are also considered pioneers in this field.

Read the full reporte here.

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