Moody's Improves Panama's OutlookMonday, October 2, 2017 The rating agency has raised the outlook from stable to positive and reaffirmed the Baa2 investment grade rating, arguing that economic growth will continue to rise and will remain above the level of its peers. From a statement issued by Moody´s: Moody's Upgrades Honduras Debt RatingTuesday, September 26, 2017 The rating agency attributed the improvement in the sovereign debt rating from B2 to B1 to continued fiscal discipline and the fact that the country has managed to stabilize its debt at lower levels than its peers. From a statement issued by Moody´s: Moody's Upgrades Panama’s Bonds to BAA2Thursday, November 1, 2012 Now the three major rating agencies, Standard and Poor's, Fitch Ratings and Mooddy's-agree in their assessment of the risk associated with the Canal country's sovereign debt. A statement from the Presidency reads: Panama: Bank Credit Grew Very Little in 2017Wednesday, March 28, 2018 At the end of last year the banking system's loan portfolio ended up with a balance of $66,117 million, just 1.4% more than the $65,187 million reported at the end of 2016. The Comptroller General of the Republic reported that the moderate increase is partly explained by a contraction recorded by the external sector's portfolio, as between 2016 and 2017 it dropped from $16,557 to $14,560, which is equivalent to a 12% drop. Panama: 17% Increase in New LoansMonday, October 10, 2011 At the close of July, $11 billion worth of new loans were granted, 17% higher than in the same period last year. Among the different sectors of the economy, mining, livestock and fisheries were those receiving the most new loans. S & P Downgrades OdebrechtFriday, April 1, 2016 Confirmation of the decline in the financial capacity of the construction company has strengthened arguments by those calling for the revision of their contracts and that the firm not be awarded others. From a statement issued by Standard & Poor's: The Credit Situation in El SalvadorWednesday, February 18, 2009 An analysis of the changes in the dynamics of granting credit, in an interview with the Superintendent of the Salvadorian Financial System. Luis Armando Montenegro, Superintendent of the Financial System, in an interview published in La Prensa Gráfica, responds to questions about the liquidity of the Salvadorian financial system, the contraction of external credit to the local banking system, changes in the granting of loans, and interest rates, among other issues. Bank Loans with Minimal Growth in 2012Wednesday, November 30, 2011 The Costa Rican banking sector is not predicting strong growth in credit placement for next year. According to Jimmy Hernandez, manager of Cathay Bank, it will be a year of "great caution" for the industry, not exceeding 10% growth in credit placement. Less Demand for Loans in El SalvadorFriday, September 17, 2010 Demand for credit is not growing as expected, as there are fewer investments in the country. According to Roberto Orellana Milla, CEO of Banco Agrícola, "demand for credit has dropped 4%". Honduran Banking Incentivizes CreditFriday, June 12, 2009 The financial system, set against a surplus of $1.5 million in liquidity, offers better credit conditions. Expediency in the approval process, lower interest rates, and extended payments terms are some of the incentives they are offering. El Salvador: Moody's Improves Risk OutlookFriday, March 13, 2020 The rating agency kept the country's debt rating at B3, but decided to change the outlook from stable to positive, arguing that the government's liquidity risks have been substantially reduced. The affirmation of El Salvador's B3 sovereign ratings reflects high public debt ratios and a growing interest burden, the rating agency said. Credit Card Market Stagnant in El SalvadorThursday, April 8, 2010 Consumer budgets are still healing from the economic crisis, delaying a recovery in credit card lending. Almost 60.000 credit cards were cancelled during 2008 and 2009, half of them for delinquency by their owners. Many others maxed out their credit and cannot use their cards anymore. Credit and the responsibility of the banksTuesday, January 13, 2009 It is indispensable for the economy to continue using credit to finance production and commercial operations. The analysis by Raul Moreira published in the La Estrella in Panama emphasizes that "the demand for internal credit by the private sector was at $31.6 billion in October and continued to grow at 20.38%, while deposits had an increase of 24.69%, which shows that the main source of financing for the expansion of credit comes from domestic savings by individuals. Prudence and caution is recommended for credit policies and it is important to maintain the rhythm of capturing funding." BNP Increases Credit Porfolio in 2009Wednesday, January 13, 2010 The National Bank of Panama loaned 8.8% more in 2009 to the private sector than in 2008. By the end of 2009, the credit portfolio to the private sector stood at $1.74 billion. Panama: Domestic credit increases 17%Monday, August 11, 2008 The positive cycle of the economy has contributed to the growth of domestic credit to the private sector. 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%. |
|