Industry Has Credit

With growth of 42% in March 2009, the industrial sector is the one that gets the most credit from Panamanian banks.

Wednesday, May 13, 2009

Despite restrictions resulting from more rigorous conditions for granting credit, industry in general can gain liquidity and it has the capacity to repay. Cemex tops the list due to its operation expansion in order to cover the demand generated by canal expansion and other infrastructure projects.

Yolanda Sandoval's article in, contained the statements of Gaspar García de Paredes, president of the National Council of Private Enterprise, who indicated that it should be kept in mind that "most of the domestic industry is engaged in the manufacture of food, metal, aluminum, lubricants, paints and other products made of cardboard and plastic. To the extent that demand for these items does not decrease, there will be a need to increase the installed capacity of the enterprises."

More on this topic

Panama: Banking Credit Boom Continues

February 2014

Between January and November 2013, Panamanian banks gave out 14% more loans than in the same period of 2012.

Statistics from the Superintendency of Banks of Panama (SBP), reveal that during the first 11 months of 2013, the National Banking System (SBN by its initials in Spanish) gave out 14% more loans than in the same period of 2012, with its balance being $24.8154 billion.

Credit for Entrepreneurs in Panama

November 2010

Credit needs for the entrepreneurial sector in the country reached $ 245 million.

The figure comes from the study "Proposal of policy, strategy and action plan for implementation of micro-finance services in Panama", created by the Ministry of Economy and Finance, the Micro, Small and Medium Enterprises (Ampyme) and the United Nations Development Program (UNDP).

Moratorium for Micro-Financing Debts

February 2010

The so-called "Moratorium Law", passed yesterday in Nicaragua, could have a strong negative effect on the availability of credit for the productive sector.

One of the criticisms of the new regulation is that it sets interest rates by law. Opponents argue that the cost of money changes with the variations of the international financial markets.

Credit Continues to Drop in Guatemala

June 2009

June shows 12-month growth in credit at 6.7%, below the 11.7% it had at the beginning of this year.

According to the president of the Chamber of Industry of Guatemala, Thomas Dougherty, uncertainty about the international economy and contingency plans brought about by companies are a few of the causes for the decrease in requests for lines of credit.

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