Nicaragua: Commercial Sector Boosts Lending in 2015

A healthy trade momentum contributed 40% to the rise in loans signed in 2015 in the National Financial System.

Wednesday, February 3, 2016

In December, the National Financial System (SFN) awarded 1971.4 million cordobas in new loans, representing one of the main uses of financial institutions. Loans were awarded in almost all economic sectors, in particular the categories commercial, agricultural and consumer credit loans. Net recoveries were also recorded in the credit card industry.

In cumulative terms, the financial system at the end of December had awarded 15,233.9 million cordobas, 5392.4 million cordobas more than in the same period in 2014. The result is linked to the commercial sector, which has contributed on average about 40% of the growth in the balance of the loan portfolio in 2015.

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More on this topic

Nicaragua: Bank Credit Falls by 20%

August 2019

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.

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).

Nicaragua: Bank Credit Maintains Growth

August 2016

In June 2016 the gross credit portfolio grew by 23% compared to the same period in 2015, led by personal, commercial and livestock credit, which grew by 32% and 25% and 26%, respectively.

From a report by the Central Bank of Nicaragua:

Bank Credit Statistics in Costa Rica

February 2016

Up to December 2015 28% of the total banking portfolio was destined for consumption activities, 26% to the construction sector and 16% to service activities.

Financial Monitoring figures compiled by the Commercial Intelligence unit at CentralAmericaData com show that credit unions are the institutions who awarded the most loans of this type, with 29.8% of their total portfolio.

Nicaragua: Bank Credit Continues to Grow

August 2015

The good economic performance is reflected in the loan portfolio of the banking system, driven by the livestock sector, consumption and commerce, which in May had a growth rate of 18%.

From The "Monetary and Financial Report 2015," by the Central Bank of Nicaragua:

As of May 2015, the financial system remains stable, with credit and deposits growing, albeit at a slower pace than in the same period in 2014.

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