Bank Loans with Minimal Growth in 2012

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.

When meeting with the press the executive said that "...2012 will not be the same as 2011 and that growth in credit placement could reach a maximum of 10%, i.e. 10 points less than the increase this year", reported Elfinacierocr.com

Source: elfinancierocr.com

More on this topic

Guatemala: Private Sector Credit Increases 7.6%

April 2011

While analysts regard the 7.6% increase as low, it at leasts suggests that the economy is slowly recovering.

Loans granted by Guatemalan banks to the private sector seem to be returning to a growth trend. This can be seen from data published by the Guatemalan Central Bank, which shows an increase of more than 7% in banks' credit portfolios.

National Bank of Panama Lends 77% More

June 2010

In the first four months of 2010, the bank loaned $320 million, 77% more than the same period of 2009.

Between January and April 2009, the financial institution gave loans for $180 million.

“As for the credit portfolio of the entire banking system, it summed $1.83 billion in April 2010, growing 12.7% when compared to the same month of 2009, when it totaled $1.62 billion” reported Laestrella.com.pa.

Credit Grows Slowly in Nicaragua

April 2011

Private sector loans dropped $31 million in February.

The Central Bank of Nicaragua believes this happens because banks are much more cautions when lending.

An article in La Prensa rports that “most loans ($13 million) went to the agricultural sector, while reductions were recorded in commercial and industrial loans, as well as credit cards”.

G & T Continental Increases its Capital by $10 million

February 2012

The bank, notable for its A + rating awarded by Fitch Ratings, focuses on loans for the corporate sector and hopes to expand its credit portfolio thanks to the injection of funds.

The G & T Continental Bank, of Guatemalan capital, said that it is to receive a capital injection of about $10 million, which would increase its loan portfolio in El Salvador.