Guatemalan Financial Sector's Profits Up 3%

In the first half of the year, the ten financial groups operating in the country posted profits totalling $216 million.

Tuesday, August 3, 2010

According to Guatemalan Banking Regulator (SIB) figures, profits in the first half of 2009 were $210 million.

"The list of ten financial groups is led by a bank, followed by a mix of financing institutions and offshore banks. Some of the biggest are brokerage firms and credit card issuers," reports Prensa Libre online.

More on this topic

Prospects for Financial Companies in Costa Rica

March 2017

After closing 2016 with a 37% drop in profits, financial companies expect to achieve better results diversifying their services in an increasingly competitive market.

The total profits generated by financial companies in 2016 barely exceeded $2.4 million, a decrease of 37% compared to earnings in 2015. This year companies in the sector projected better results, some on them betting on the SME segment, some focusing on generating new business in the construction sector and others expanding their offering of services.

Financial Inclusion: Data and Trends

November 2014

The microcredit portfolio in Latin America and the Caribbean is worth over $40 billion, is awarded by more than 1,000 institutions, and reaches more than 22 million customers.

From a statement issued by the Inter-American Development Bank (IDB):

A new report documents significant expansion of microcredit in Latin America and the Caribbean

Nicaragua: Fundeser Becomes Financing Company

December 2012

Micro financing company Fundeser, also known as the Foundation for Socio Economic Rural Development will in February its formal application to become a regulated financial company.

Since 2008 there has been interest from the Foundation to be regulated by the Superintendency of Banks and Other Financial Institutions (Siboif), but the proceedings were suspended because of the financial crisis.

Financial Cooperatives in Costa Rica

October 2012

For the volume of assets and loan portfolios they manage, cooperatives together make up the fourth largest financial operator ivn the country.

In Costa Rica, the 30 cooperatives under the supervision of the Superintendent of Financial Institutions (Sugef) exceed in value the assets and loan portfolio of the "private bank BAC San José and are below the banks, Banco Nacional, Banco de Costa Rica and Banco Popular which are funded by public capital. "

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