Guatemala: Banks profits total $278 million in 2008

According to data from the Superintendence of Banks, the banking sector earned the equivalent of 16.3% of its shareholder equity in profits.

Tuesday, February 3, 2009

PRENSALIBRE.com reports on its website: "For each $12.71 (Q100) that the banks have in capital, last year they earned an average of $2.07 (Q16.30), according to the report for December that was published by the SIB.

The most profitable banks (compared to capital) were the Bank of Central America (BAC), which earned Q30.85, followed by the Rural Development Bank (Banrural), with Q28.02, per each Q100 of capital."

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El Salvador: The Neverending Fight Over Sugar Profits

June 2017

A study planned by the Ministry of Economy on the costs of production and marketing of sugar, could help resolve the conflict between sugarcane cultivators and agro industrialists.

Sugarcane farmers continue to demand that they receive an additional payment as part of the revenues generated by the mills from the sale of surplus energy produced. A study that the Ministry of Economy announced that it will carry out, will allow an analysis to be made of the costs of production, consumption and marketing of sugar and honey, and the generation of energy through bagasse. With this study, it will be possible to determine if a reform is necessary to the Law on Production, Industrialization and Commercialization of the Sugar Agroindustry, as proposed by sugarcane farmers. 

Avianca-Taca Doubles Net Profit

March 2012

Net income for the group has grown by over 100%, reaching the figure of $101.5 million in 2011, $51.5 million more than in 2010.

Avianca-TACA, one of the largest airlines in Latin America, reported a growth of 17.8 percent on its passenger traffic in 2011, thanks to the strong performance of its domestic operations in Colombia, Ecuador and Peru, reported Reuters and Prensa.com.

Guatemalan Banking Profits Grow by 15%

April 2009

Guatemalan Banks earned $61 million in February, 15% more than the $53 million earned during the same month in 2008.

According to the general manager of Banco de los Trabajadores, Ronald Garcia, the increase in profits was due to prudence and a reduction in financial service costs: "The opening of non-traditional channels such as electronic made services less expensive," the official told the newspaper La Prensa Libre of Guatemala.

Guatemalan Banks report $292 million in earnings

December 2008

Despite the slowdown of the economy, banks reported on October 30 that they had an increase of 23% in comparison to October 2007.

The entity with the best results was Banrural, with $90 million (Q616.2 million) or an substantial increase compared tot he $73 million (Q559.3 million) recorded in the first ten months of last year.

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