Guatemalan Credit Arrears Up 24%

The banking system's late portfolio reached $283 million in June 2009, 24% more than the same month of 2008.

Monday, August 3, 2009

As a portion of the entire credit portfolio, late loans accounted for 3% of the total, while it was 2.5% in June 2008. Bad credits grew at a larger pace than the entire credit portfolio, which grew 5% in the last 12 months, reaching $8.856 million. These indicators reflect the deterioration of the banking sector, given that growth between 2007 and 2008 was 23%.

"...the deterioration of the late credits portfolio is a nothing more than a reflection of a slower economy, which has caused individuals and businesses to default on their loans", said Ronald García, CEO of "Banco de Los Trabajadores" in a Sigloxxi.com article.

More on this topic

Guatemala: Decline in Credit to Private Sector

May 2017

The decrease in the granting of credits to the business sector has been attributed to legal uncertainty caused by the case of the hydroelectric stations Oxec I and II.

Data from the Bank of Guatemala indicates that as of April 27, the balance of credit granted by the banking system to the private sector amounted to $24 billion, 5.6% more than in the same period in the previous year, but only 0.4% more than in December of last year. In the case of OffShore entities, the figures indicate that loans granted by these institutions up to April 20 totalled $1860 million, recording a year-on-year change of -1.5% and -4.2% compared to December 2016.  

28% Increase in Consumer Credit in Guatemala

October 2011

The amount in loans made in the first nine months of the year, $2,900 million, reflects greater economic dynamism in the country.

According to the Superintendency of Banks (SIB), these types of loans currently represent 26% of the entire banking portfolio.

The corporate manager of strategic planning at the Workers Bank, Mauricio Alvarez, said that consumer credit is one of the most attractive for banks.

BNP Increases Credit Porfolio in 2009

January 2010

The National Bank of Panama loaned 8.8% more in 2009 to the private sector than in 2008.

By the end of 2009, the credit portfolio to the private sector stood at $1.74 billion.

"Credit to the private sector grew $142 million. 82% of this increase, $116 million, happened in the second half of 2009", reported Prensa.com.

Private Lending Slows in Guatemala

March 2009

Credit to the private sector grew by 11.2% in January, a lower growth than for the same period last year when the increase was 26.4%.

Reporter Jessica Gramajo wrote in the SigloXXI website: "Data from the Bank of Guatemala (Banguat) reported that in January of this year the banking system maintained a loan portfolio of $10.901 million (Q 87.240,8 million).

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