Up to July 2018, credit granted by Guatemalan banks to the private sector totaled $26.06 billion, 4.5% more than was reported in the same month in 2017.
The most recent data from Banco de Guatemala shows that credit to the private sector in the seventh month of 2018 grew by 4.5% compared to the same month in 2017, rising from $24.611 billion to $24.942 billion.This increase was below the increase of 5.3% registered between July 2016 and 2017.
In Panama, the portfolio managed by brokerage firms totaled $35,577 million at the end of the first half of the year, 11% more than was registered in the same period in 2017.
According to the Superintendency of the Securities Market, of the total portfolio, 43% correspond to bonds, another 27% of the assets belong to common shares, and 21% is made up of other securities.
Mortgages and personal loans explained much of the 6% increase in domestic credit to the private sector, recorded between May 2017 and the same month in 2018.
According to the latest report by the Superintendency of Banks, in the fifth month of the year, the private sector's credit portfolio totaled $52.167 billion, which is equivalent to an increase of 5.9% compared to the $49.277 billion reported up to May 2017.
The volume of operations totaled $3.439 billion during the second quarter of the year, registering an increase of 12% with respect to the same period in 2017.
During the second quarter of 2018 the amount of electronic payment services provided amounted to $10.455 billion, 21% more than in the same period in 2017.
Payment services offered by the Central Bank of Nicaragua were channeled mainly through the Nicaraguan InterBank Electronic Payments System (SINPE), with transactions amounting to 323,569.7 million córdobas (93.7 percent of the services offered by the BCN), reported the institution.
The Effective Rate in Dollars increased from 2.35% to 2.40%, while the Passive Base Rate fell from 6% to 5.95%.
The Central Bank of Costa Rica published, on the afternoon of Wednesday, August 1, news that after a rise last week, the Passive Base Rate registered a reduction of 0.05% and will remain at 5.95% until Wednesday, August 8.[GRAFICA caption = "Click to interact with graphs"]
From January to June of this year net profits of banking entities totaled $116 million, registering an increase of 7% with respect to the same period last year.
According to figures from the National Commission of Banks and Insurance (CNBS), the increase in net income registered between the first half of 2017 and the same period this year was 7%, growing from $108 million to $116 million.
The Passive Base Rate went up from 5.85% to 6%, while the Effective Rate in Dollars rose from 2.25% to 2.35%.
The Central Bank of Costa Rica published news that after recording a decrease last week, the Passive Base Rate rose by 0.15%, and the level at which it will remain until next Wednesday, August 1 is 6%.[GRAFICA caption = "Click to interact with graphs"]
Entities in the International Banking Center generated profits of $670 million in the first four months of the year, 11% more than in the same period in 2017.
The April result for the Banking Center, which includes general and international license banks, shows growth of 10.6%.The increase in Net Income is the result of increases in non-recurring financial income, such as the purchase and sale of securities and transactions with derivative instruments, and on the other hand, a decrease in provision expenses, as a result of the entry into force of IFRS 9, which has allowed banks to make an adjustment against retained earnings, informed the Superintendency of Banks.
Establishment Labs Holdings, dedicated to the manufacture of breast implants, issued $66 million in shares on its first day of trading on the Nasdaq stock exchange, in the US.
Representatives of the company reported that through the procedure called "pricing", last Wednesday the company sold 3,175,277 shares to investorsat a unit price of $18 dollars.
In order to try to stop the deceleration in the issue of loans in dollars, authorities in Costa Rica have decided to soften the rules required of banks who grant loans in this currency.
The National Council of Supervision of the Financial System (Conassif) has decided to temporarily reverse the stricter measures that banks must comply with when granting loans in foreign currency to those who generate income in Colones, with the aim of counteracting the deceleration that has been seen in the issue of bank loans.
As of May 2018, the credit portfolio of the financial system in the Dominican Republic totaled $21.147 billion, registering an increase of 12% with respect to the amount reported in the same month in 2017.
According to figures from the Superintendency of Banks, between May 2017 and the same month of this year, the total amount of the loan portfolio increased from $18.957 billion to $21.147 billion.
The balance of credit card debt in Costa Rica doubled in the last eight years, going from $1 billion in April 2010 to just over $2 billion in the same month in 2018.
The balance of credit card debtdoubled in the last eight years, going from $1.005 billion in April 2010 to $2.095 billion in April 2018, the Ministry of Economy, Industry and Commerce (MEIC) has revealed, by means of a report prepared by the Directorate of Economic and Market Research.
Due to the crisis affecting Nicaragua, financial institutions have started to record increases in the number of clients that are in default of their loans.
Due to the situation in the country and with the objective of favoring the debtors, the Superintendency of Banks and Other Financial Institutions and the National Microfinance Commission recently approved some temporary rules so that financial entities can modify the original conditions of the loans.
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