Guatemala: Banking Panorama - July 2016

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

Tuesday, July 26, 2016

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).

Exposure to Guatemalan Sovereign Debt Continues: The sovereign rating is limiting the ratings of Banco Industrial, S.A. ( BI), Banco G & T Continental, S.A. (G & TC), BAM and Banco de Desarrollo Rural S.A., The largest banks have significant exposure to government debt instruments in respect to their assets and equity. In addition, business volumes are heavily concentrated in the country.  

See full report (In Spanish)

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