Nicaragua: Bank Credit Up 14% - CentralAmericaData :: The Regional Business Portal

Nicaragua: Bank Credit Up 14%

Up to October 2017, commercial loans and personal loans reported a 10% YoY growth, respectively, while bank deposits grew 9%.

Monday, December 18, 2017

From a report by the Central Bank of Nicaragua:

The Report indicates that the indicators of the National Financial System (SFN by its initials in Spanish) show dynamism in intermediation, with adequate risk management and good indicators on profitability, solvency and capital.

As of October, the gross portfolio totaled 160,411.2 million córdobas , with a year-on-year growth of 14.2 percent (19.6% in October 2016). Consumer and commercial loans are the ones that contributed most to the growth of the portfolio, while the portfolio at risk and the past due portfolio continue to register stable levels.

On the other hand, deposits in the national financial system amounted to 158,846.9 million córdobas as of October 2017, which represented a year-on-year growth of 9% (10.6% as of October 2016). By currency, deposits in foreign currency showed a year-on-year growth of 9.8%, while deposits in domestic currency grew 6.4 percent.  With regard to the structure of deposits, savings account for 39.6 percent, followed by demand deposits with 34.7 percent and fixed term deposits with 25.6 percent.

See full report (in Spanish).

 

More on this topic

Bank Credit On the Rise At the Beginning of 2018

March 2018

During January in Nicaragua, the gross portfolio of the financial system totaled $5.371 billion, 14% more than in the same month in 2017, explained in part by the performance of commercial credit.

The Central Bank of Nicaragua reported that " ...The sectors with the highest representation in the portfolio are commercial credit and personal loans, with both sectors accounting for 55.4 percent of the total portfolio. On the other hand, the portfolio at risk and the past due portfolio continue to register levels below the rest of the Central America, Dominican Republic and Panama (CAPARD) region."

Nicaragua: Bank Credit Up 14% in 2017

February 2018

Over the past year, the gross portfolio of the financial system totaled $5.323 billion, 14% more than in 2016, explained in part by the performance of commercial credit.

Regarding the activities financed, the Central Bank of Nicaragua (BCN) reported that at the end of 2017 " ...

Nicaragua: Bank Credit Up 16%

November 2017

As of September, credit granted by the financial system registered a year-on-year increase of 16%, driven by commercial credit and personal loans, which grew by 14% and 15%, respectively.

From a financial report by the Central Bank:

The financial system remains stable as of September.  The loan portfolio grew by 15.6 percent year-on-year. The risk indicators continue below the average for the region and the liquidity of the system was above 31 percent.  In relation to deposits, an interannual growth of 8.7 percent was observed (10.9% in September 2016). Finally, the indicators on profitability, solvency and capital have been found to be stable throughout the year.

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.

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