Panama: Domestic credit increases 17%

The positive cycle of the economy has contributed to the growth of domestic credit to the private sector.

Monday, August 11, 2008

Most of the demand for loans granted during this period was by the consumer sector at $4.32 billion, an increase of 13.4%; for mortgages it was at $1.48 billion, or a 8.65% increase; for trade it was at $5.45 billion, an increase of 38.3%.

More on this topic

Guatemala: Slowdown in Consumer Credit

December 2017

In November, a year-on-year growth of almost 6% in consumer credit was reported, while in the same month in 2017 there was an increase of 13%.

Figures from the Superintendency of Banks show that the credit portfolio for consumption is the second most significant section of loans with a 30.2% share, after larger business loans that have a 54% share.

Unstoppable Consumer Credit in Costa Rica

September 2017

In 2010 average household debt per household was around $3,000, and last year, just six years later, the figure exceeded $6,500.

Data compiled by Nacion.com shows that the average debt of each Costa Rican household indicated in the analysis only takes into account financing with supervised entities, meaning that it could be be omitting loans taken out for consumption through other sources of unregulated financing, such as pay day lenders and pawn shops, among others.

Credit Keeps Growing in Panama

April 2014

Between January and November 2013 credit to the private sector increased by 14% compared to the same period in 2012.

Personal consumption and trade were the sectors that experienced the largest growth in the period under review, beating construction loans and mortgages. Overall, the banking system awarded $24,815,000 in loans to the private sector.

Costa Rica: Increase in Credit for Consumers and Services

July 2013

Despite the restriction by the central banking system which has caused a general credit contraction, consumer loans have grown by 22%.

According to data from the Superintendent of Financial Institutions (Sugef), these activities are maintaining an upward trend, despite a slowdown in the national economy.

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