Savings in Guatemala Increase by 16%

In the last twelve months, fixed-term deposits and savings accounts have shown an increase of 16.1%.

Friday, May 22, 2009

According to data from the Bank of Guatemala, up to and including May 14, there were $5.62 billion (Q45.548.billion) in fixed-term, regular and special savings account deposits.

Leonel Díaz reported statements by Édgar Barquín, Bank Superintendent, in his article in Prensalibre.com: "We that there has been an increase in saving and fixed-term deposits and also financial bond transfers to deposits within financial institutions."

More on this topic

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.

Nicaragua : Bank Deposits Grow by 18%

May 2014

Between March last year and the same month in 2014, total deposits in the domestic financial system went from $3.431 billion to $4.185 billion.

More deposits by households, businesses and government boosted growth of deposits by 2.3 % in March compared to the previous month.

Don’t Let your Dollars Wilt Away

July 2012

Amid the global financial turmoil it seems that the only safe haven are fixed term deposits... that is until we recover our cash and try to use it ...

What matters is not how many dollars you have in your bank account, but what products and services can be purchased with them.

Guatemalans Prefer to Save Money in U.S. Dollars

February 2010

In 2009, the number of savings, checking and fixed-term accounts in dollars increased 26% when compared to 2008.

Accounts in quetzals grew at a lower rate (4.7%), according to data from the Banking Superintendence (SIB).

For accounts in U.S. dollars, the highest growth was recorded in accounts with balances between $1.200 and $1.800 (Q 10.000 to Q 15.000).

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