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.



More on this topic

Outlook for Honduran Banks in 2017

March 2017

Although profitability of the entities is adequate, Fitch Ratings is not ruling out pressure on performance because of increased spending on credit provisions and lower growth.

From a report by Fitch Ratings, III quarter of 2016:

Concentrated financial system has adequate profitability and capitalization in Regulatory situation in process of strengthening 

Alba Nicaragua Enters Banking Business

September 2014

The Superintendency of Banks and Other Financial Institutions of Nicaragua has authorized Banco Corporativo to carry out financial intermediation activities in the country.  

The entry of a new financial market participant is received favorably by other banks, provided that "...

Guatemala: Expansion of Banking Services

November 2011

According to experts, more branches do not mean a larger banking population.

While the number of bank branches in the country has grown significantly, the number of Guatemalans who have a bank account is less than 25%.

Experts in the field, such as the economist Julio Estrada, say that one of the main advantages of the population being involved in banking is access to credit, which enhances a country's development.

Panama Leads Region in Banking

January 2011

Panama ranks second in Latin America in number of bank branches and ATMs per 100,000 people with 90.28, surpassed only by Brazil with 99.37.

"Banking, or access to banking services, plays an important role in economic development of countries and in reducing poverty while promoting income distribution."

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Tailor made software for construction companies

O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Sep 22)
Brent Crude Oil
75.26
Coffee "C"
187.55
Gold
1,777
Silver
22.87