Nicaragua: Bank Credit Falls by 20%

Up to June 2019, the gross portfolio of the financial system totaled $4.047 million, 20% less than in the same month in 2018, partly explained by the performance of commercial and personal credit.

Tuesday, August 13, 2019

In terms of composition, the current loan portfolio represented 89.2% of the gross portfolio (89.7% in May 2019), while the portfolio at risk represented 10.8% (10.3% in May 2019). Provisions reached 2.3 times the past-due portfolio (1.6 times including the judicial one) and 54.6% of the non-performing portfolio, reported the Central Bank of Nicaragua (BCN).

The NCB notes that "... At the end of June, the gross loan portfolio ended at 134,817.2 million Córdobas, equivalent to a year-on-year reduction of 20.0 percent. Compared to May, the portfolio was reduced by 1,181.0 million cordobas."

Interest and commissions receivable totaled 2,110.3 million cordobas, while commissions earned with the effective interest rate and portfolio provisions were 423.6 and 7,952.7 million cordobas, respectively, bringing the net portfolio to 128,551.3 million cordobas.

By economic sector, the commercial and personal portfolio represented 52.6 per cent of the total, the mortgage portfolio 16.9 per cent and the industrial portfolio 11.8 per cent.
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Nicaragua: Bank Credit Still Declining

September 2019

Up to July 2019, the gross portfolio of the financial system totaled $3,966 million, 20% less than in the same month in 2018, partially because of the negative performance of commercial, industrial and personal credit.

During the seventh month of the year in terms of composition, the current loan portfolio represented 88.7% of the gross portfolio, while the portfolio at risk represented 11.3%.

Bank Credit is Reduced by 7%

January 2019

Up to November 2018, the gross portfolio of the financial system in Nicaragua totaled $4.716 million, 7% less than in the same month in 2017, partly because of the performance of commercial credit.

From the Central Bank of Nicaragua report:

In November, the financial system's loan portfolio decreased by 6.8 percent year-on-year (3.5% in Oct-18), reaching a gross portfolio of 153,055.5 million Cordobas.

Nicaragua: Bank Credit Up 18%

June 2017

As of April, the gross loan portfolio of the financial system totaled $4,982 million, recording a year-on-year growth of 18%.

Personal credit led the year-on-year growth with 22.3%, followed by credit cards with a rate of 19.8%, however, this sector only represents 7.2% of the total portfolio.

Bank Deposits Up 17% in Nicaragua

July 2014

In a year savings in the banking system both in local and foreign currency increased from $3.5 billion to $4.2 billion.

The economic dynamism has increased the savings capacity of Nicaraguans, which is reflected in the figures for savings and fixed term deposits in the domestic financial system.

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