Guatemala: More Loans at Stable Rates

The Association of Banks of Guatemala has announced the availability of $2.5 billion for loans for production within an optimistic economic outlook.

Wednesday, January 25, 2012

In light of the private sector’s optimism created by the assumption of a new government and the expectation of more foreign investment, the AGB has said that there will be credit growth in 2012.

The Industrial Bank general manager and current president of the ABG, Luis Lara, said that the bank has over one billion Q20 ($ 2.5 billion) available and there is sufficient liquidity.

"We see that there is a lot of liquidity to support the productive sector with loans for all investments that need to be made, and as Guatemalans we will always be here to support them, I see no problems on that side, because, also, we see stability in the rates," Lara said,

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