Guatemala: Banking System has $3,450 million

Funds in the banking system have increased by 10.34% so far this year.

Thursday, September 22, 2011

Data provided by the Superintendency of Banks (SB), indicates that loan funds have reported increases year after year. Figures up to December 2008 amounted to $2,449 million, for December 2009 it was $3,013 million, and the balance in December 2010 showed an increase of 4.2%.

According to Sigloxxi.com.gt, "High liquidity or cash available for lending may vary. Many of the usable funds are quasi-liquid because they are short-term investments, or because they are quickly recoverable.

An analyst at the Association for Research and Social Studies (ASIES) Carlos Gonzalez explained that the availability is divided into two types: the first is direct, this is money that banks have in their safes, and the second is indirect, which includes bank reserves as well as cash investments in short-term securities. "

More on this topic

El Salvador: Moody's Upgrades Debt Rating

February 2018

The key factor driving the rating upgrade is the significant reduction of the government liquidity risks, as political agreements have led to Congress´approval of long-term government financing and pension reform.

Risk rating firm Moody's announced on Friday, February 23 that El Salvador's debt was rated B3, which represents an improvement from the previous rating of Caa1. However, the country is still considered an issuer with risk of not fulfilling its obligations. 

Moody's Downgrades El Salvador

November 2016

Arguing a significant increase in liquidity risk and political divisions that are preventing approval of an issuance of long-term debt, the rating agency has downgraded the rating and changed the outlook to negative.

From a press release issued by Moody's:

New York, November 07, 2016 -- Moody's Investors Service has today downgraded El Salvador's issuer and long-term debt ratings to B3 from B1 and assigned a negative outlook to the ratings, concluding the review for possible downgrade initiated on 11 August.

El Salvador: Complaints Over Fiscal Discipline

May 2012

The governments cash-strapped position is reflected by delays in payments, while it increases short-term public debt and the IMF has suspended the precautionary agreement.

"Public debt in El Salvador between March 2011 and March 2012 increased by $450 million (+4.3%) to $13,232,000.

Modifications to the Banking Law of Guatemala in 2009

December 2008

Banks and financial entities, as well as some companies, will have to give account to the Superintendence of Banks next year.

The regulations include modifications to the Law that governs banks and financial groups in order for the Bank of Gualterio to be able to grand longer term loans to the banking system and to increase the participation of the financial system in the Savings Protection Fund, said the Banking Superintendent, Édgar Barquín.

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