Regarding the data from the Superintendency of Banks (SB), an analyst from the Association for Research and Social Studies (ASIES in Spanish), Ruben Dario Narciso, detailed several reasons that have lead to the increase.
Adequate accounting records and financial controls improve access to credit lines ... "Many medium and small companies do not have adequate accounting and financial indicators that clearly reflect their revenue."
Another factor is that big companies record all sales and therefore register all income", added the analyst.
Ronald Garcia, General Manager at Bantrab, adds that the rules for granting credit contain certain requirements that only a certain number of businesses can fulfil.
Source: siglo21.com.gt
More on this topic
May 2011
Between March 2010 and March 2011, the growth in portfolio’s of banks providing loans was 6.1%.
The growth of economic activity in Guatemala is one of the reasons behind the increase in loans issued by banks, which have been distributed mainly among the commercial and consumer sectors.
March 2011
In January 2011, indebtedness in Colones was 59% of total loans, compared to less than 50% in 2009.
The low Dollar value and relatively low rates in Colones encourage borrowing in national currency.
Gerardo Corrales, manager of BAC San José, told Nacion.com, "... the decision to take a debt in Colones or Dollars, besides interest rates depends on customer expectations of devaluation or appreciation of a currency against the other."
December 2011
G & T Continental has acquired, at $64 million, Citibank de Guatemala’s housing portfolio.
Flavio Montenegro, general manager of G & T Continental, said the payment was in cash and Citibank de Guatemala has already handed over the records of the respective accounts.
For its part, Crista Kepfer, public relations officer of Citibank, told Prensalibre.com,"The decision was made to sell the FHA mortgage portfolio as part of Citi's strategy of focusing on a global scale in other banking segments and using those resources to invest in other lines of business. "
October 2011
The International Banking Center notes a dynamic expansion of the internal loan portfolio to 20.5%, and the same can be said for the portfolio investments, up 14.7% during the month of August.
A press release from the Superintendency of Banks of Panama reads:
The executive report of the Superintendent of Panama banks reveals that the net accumulation from January to August 2011 totaled $885 million, or $175 million more compared to the same period in the previous year. This result is mainly due to an increase to 11.7% in the lines of interest income and 38.6% belonging to other income.
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