Guatemala: Corporate Interest Rates Down

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In December 2008, the average rate for corporate loans over $ 650.000 was about 9.72%, dropping to 8.55% in February 2011.

Luis Lara, CEO of Industrial Bank, stated that they have not seen such low rates in the country for a long time, which is good because "it allows for meaningful projects to get done."

Additionally, Lara explained that this type of loan has low relative administrative costs and that customers are good payers, reports s21.com.gt.

Source: sigloxxi.com

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