Mortgages and personal loans were largely responsible for the increase in domestic credit to the private sector, registered between March 2017 and the same month of 2018.
The most recent figures from the Superintendency of Banks reported that in the third month of the year the private sector's credit portfolio totaled $51.668 billion, which is equivalent to an increase of 6.2% compared to the $48.665 billion reported up to March 2017.
Inversiones Simco has placed the first $12 million of $20 million it expects to issue in the Salvadoran securities market, to finance part of the Millennium Plaza mixed-use project.
The securitization fund called Millennium was structured by Ricorp Titularizadora and amounts to $20 million.However, initially $12 million has been placed and the remaining funds will be raised as the works progress.
Entities in the International Banking Center in Panama generated profits of $529 million in the first quarter of the year, 10% more than in the same period in 2017.
The Superintendency of Banks reported that "...The March result of the International Banking Center (CBI), which includes general and international license banks, shows profit growth of 9.5%.The increase in Net Income is the product of increases in non-recurring financial income, such as the purchase and sale of securities and transactions with derivative instruments."
Banks in Costa Rica are opposed to the Central Bank's proposal to modify the rules so that entities buy and sell dollars at the same prices, regardless of whether the amounts to be traded are large or small.
The objective of the changes proposed by the Central Bank of Costa Rica (BCCR) is for banks to always use the same exchange rate for their purchases and sales of dollars, regardless of whether they are large or small amounts.See "The Same Exchange Rate for Everyone"
The Effective Rate in Dollars increased from 2.30% to 2.40%, while the Passive Base Rate fell from 5.95 to 5.90%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, June 6, news that the Passive Base Rate registered a reduction for a second consecutive week, and will remain at 5.90% until next Wednesday, June 13.[GRAFICA caption = "Click to interact with graphs"]
Up to March 2018, the financial system's credit portfolio totaled $20,811 million, which is equivalent to an increase of 11% compared to the amount reported in the same month in 2017.
According to figures from the Superintendency of Banks, between March 2017 and the same month this year, the total amount of the loan portfolio increased from $18,667 million to $20,811 million.
Mortgage and personal loans accounted for most of the increase in domestic credit to the private sector between February 2017 and the same month in 2018.
According to figures from the Superintendency of Banks, in the second month of the year, the credit portfolio of the private sector totaled $51.487 billion, exceeding by 6.7% the $48.257 billion reported in February 2017.
The Passive Base Rate fell from 6% to 5.95%, while the Effective Rate in Dollars also fell, from 2.34% to 2.30%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, May 30, news that after registering an increase last week, the Passive Base Rate fell by 0.05%, and will remain at 5.95% until next Wednesday, June 6.[GRAFICA caption = "Click to interact with graphs"]
During the first quarter of the year, transactions carried out at ATMs in the Dominican Republic totaled $2.135 billion, 15% more than in the same period in 2017.
According to figures from the Central Bank of the Dominican Republic, between the first quarters of 2017 and 2018 the value of ATM transactions increased from $1.864 billion to $2.135 billion.
An agreement was reached to extend for 90 days more the intervention of Banco Crédito Agrícola de Cartago, while discussion takes place of the plan that would allow its absorption by another banking entity.
The National Council of Supervision of the Financial System decided on May 22 to extend for three more months the intervention of Bancredito, whose status, according to the authorities, continues to be of "financial infeasibility".
The banking authorities of Panama have authorized Banco Santander to initiate a voluntary liquidation process.
Despite, that the resolution by the Superintendency of Banks in which the voluntary liquidation of the entity is authorized, dated from December 22, 2017, it was not until this Monday, May 28, 2018, when it was published in the Official State newspaper, La Gaceta and the measure acquired legal force.
In Costa Rica, the Central Bank has proposed modifying the rules for banks to buy and sell dollars at the counter, using the same prices always, regardless of the volume of the transaction.
A consultation was published in La Gaceta, in which the Central Bank proposes modifying the Regulation for Foreign Exchange Transactions.The objective is for banks to always use the same exchange rate for their purchases and sales of dollars, regardless of whether they are large or small transactions.
Grupo Prival, a financial institution of Panamanian origin, has announced the sale of its subsidiary Prival Securities El Salvador, on May 8, 2018.
Elcapitalfinanciero.com reports that "... In a note sent to the Superintendency of the Stock Market(SMV) for public knowledge, the banking institution reported that the change was duly notified and authorized by the Superintendency of Banks of Panama (SBP). "
After four weeks on the rise, the Effective Rate in Dollars fell from 2.50% to 2.46%, while the Basic Passive Rate also fell, from 6.1% to 6%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, May 9, news that for a second consecutive week, the Passive Base Rate has returned to the level reported four weeks ago, and will remain at 6% until next Wednesday, May 16. [GRAFICA caption = "Click to interact with graphs"]
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Colombian company with more than 30 years in the market develops technological solutions that allow to manage in an integrated and timely way investment portfolios. Solutions to manage investment portfolios, investment...
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