Guatemalan Banks report $292 million in earnings

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

Tuesday, December 2, 2008

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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Costa Rica: Bank Earnings Rise 30%

January 2013

Costa Rican Commercial banks closed 2012 with net income of $360 million, which is a 30% increase in nominal terms compared to 2011.

Those who reported the highest earnings were public banks, meanwhile private banks reported the highest growth last year in 2012, closing with $111 million, 32% higher than 2011. (This amount does not including the banks results from the banks Citibank, General, Bansol and Improsa).

Costa Rica: Banks Earn 21% More in the Last Year

October 2012

The growth in earnings of 17 banks operating in Costa Rica is higher than credit growth and is four times the country's economic growth.

According to an article in Elfinancierocr.com, "The good performance has been achieved with only a 4% increase in administrative costs and without increasing the size of bank deposits.

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.

Guatemala: Banks profits total $278 million in 2008

February 2009

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

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.

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