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”.
Source: laprensa.com.ni
More on this topic
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.
June 2009
The Multisectorial Bank of Investments (BMI) of El Salvador may start lending directly to businesses.
Set against the credit demands from different sectors, the executive is studying the possibility of reforming the BMI law so that it could lend directly to business owners rather than lending only to other banking companies.
May 2009
In the first quarter, Panamanian banking has loaned out $1.405 billion, $95.6 million more than during the same period last year.
According to the Panamanian Bank Superintendent, the industrial sector was the one that asked for the most resources.
Edith Castillo Duarte wrote in Prensa.com: "Commerce credit showed a 21.4% increase to $126.9 million and the construction sector received loans of $106.6 million, an increase of 13%."
November 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.
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.
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