Guatemala Lowers Lending Rates

Banks are offering rates of up to 7.5% for mortgage loans, both consumer and corporate.

Friday, April 29, 2011

Mauricio Alvarez, manager of the Banco de los Trabajadores (Bantrab) noted that low interest rates abroad has meant that much "capital is returning to the country because the rates are better."

"Erasmo Velasquez, president of National Mortgage (CHN), noted that there are now market rates of between 8 and 10 percent annually, compared to a year ago when they were 11 and 12. From an article in Elperiodico.com.gt

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