Guatemala: Bank Numbers Growing

At the end of August of this year, the default rate in the loan portfolio of the national financial system was 2.54%, higher than the 1.21% rate recorded four years ago.

Tuesday, October 17, 2017 reports that "...When comparing payment delays between 2013 and 2017, the segment with the highest rate is that of small companies, made up of small and medium-sized companies, which went from 3.32% to 7.92%. It is followed by the microcredit segment, which went from 2.97% to 5.37%."

See: "Complex panorama for banks in Guatemala"

"... In the segment of mayor corporate credit, which occupies the highest amount of balance granted, Q90.1 billion, the figure went from 0.35% to 1.3%. The consumption rate was 2.11% to 2.77%.   As for the behavior by activity, in the area of consumption the area reporting the greatest growth in the backlog of its quotas was consumption via credit cards, which went from 4.17% to 4.92%. Meanwhile figures for trade went from 1.33% to 5.15%, construction from 0.95% to 3.05%, and agriculture, livestock, forestry, hunting and fishing from 0.66% to 3,05%."

More on this topic

Banco Azul Issues $21 million in Bonds

November 2017

In its first issuance of investment certificates, Banco Azul in El Salvador sold $21 million, with a five year term and a fixed rate of 5.98%.

The banking institution began operating in mid-2015, with an initial capital of $60 million, contributed in full by Salvadoran investors.

Costa Rica: Banks Receive Reduced Profits

July 2017

At the end of the first half of 2017, private and public banks' profits fell by 9% and 17%, respectively, compared to the same period last year.

Figures from the Superintendency of Financial Entities (Sugef) indicate that as of June this year bank profits totaled $183 million, 14% less than in the first half of 2016. 

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).

Panama: Bank Deposits Grow 49%

April 2014

Economic growth and low interest rates in the United States explain the increase between 2011 and 2013.

With an average annual growth of 8% in the past five years, according to data from the Superintendency of banks of Panama (SBP), bank deposits were $59.626,93 million in February of 2014 $39.919,66 million in February 2009.

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