In the first half of 2014 banks assets in the country increased by 12% compared to the same period in 2013, while the amount of loans granted grew by 11%.
Data from the Superintendence of Banks of Guatemala reveals that the profits made by banks in the same period grew by only 0.87%.
Federico Martínez Linares, CEO of Banco G & T Continental told Eleconomista.net that "...
Up to February this year the balance of loans granted by the 18 banks registered in the country amounted to $15.8 billion.
The loan portfolio grew by 11.7% in Guatemala in the past year as reported by the Superintendency of Banks of Guatemala (SIB), a figure that confirms the growing economy.
"The Superintendency of Banks of Guatemala (SIB) reported that banking sectors loan portfolio totaled approximately $15.8403 billion as of February this year. The figure represented an increase of 11.7% compared to the amount reported in the same month in 2013."
Between January and November 2009, banks increased their assets in $1.18 billion.
According to data provided by the banking superintendence, the 5 largest banks account for 79% of the total.
"Banco Industrial tops the list of largest banks, followed by G&T Continental, Banrural, Banco Agromercantil and Banco Reformador", reported Elperiodico.com.gt.
Honduran banks reported $11.3 billion in assets at the end of 2008, an increase of 11%.
The National Banking and Insurance Commission reported the results for 2008, in which Bac-Bamer Bank topped the list with $1.8 billion in assets, followed by Atlantida Bank with $1.6 billion and Ficohsa with $1.55 billion.