Banking Banking Authority (Guatemala) banking system Édgar Barquín Banks Banco G&T Continental Economics line of credit Banco Industrial - BI Capital Corporation Bank of Guatemala Flavio Montenegro bank bank capital financial system liquidity (money)

Guatemalan Banks Renegotiate 70% of Foreign Credits

70% of the Foreign credit lines in the Guatemalan Banking System were renegotiated under new conditions.

Friday, February 20, 2009

©image: Paul Falardeau

In an article published in sigloxxi.com, Édgar Barquín, the Superintendent of Banks, explained that banks "have been able to defer or restructure them [the credit lines] to maintain the financing used by local banks in productive sector loans" and that the country "has been fortunate in the way correspondent banks have responded."

Source: sigloxxi.com

Key entities

Banco G&T Continental Banking Authority (Guatemala) Édgar Barquín

Countries

Guatemala

Insight

banking system international loans external loans line of credit Banking

Guatemala: Companies Acquire More Loans Abroad

July 2010

In the first half of the year, international banks placed 15% more loans in Guatemala than in the same period of 2009.

In total, Guatemalan companies negotiated $569.7 million in loans between January 1st and June 17, motivated by low international interest rates.

“Edgar Barquín, Banking Superintendence, explained that foreign banks, mostly from the U.S.

El Salvador Loses Access to IMF funds

April 2012

The IMF has temporarily suspended the availability of emergency funds for El Salvador because it has not met agreed targets, having exceeded government spending.

The IMF reported that the Salvadoran government may not use a precautionary loan (SBA) of $750 million, said Carlos Acevedo, president of Banco Central de Reserva (BCR).

$500 Million Loan for Guatemalan Banks Analyzed

March 2009

In order to support liquidity, the government is analyzing whether to accept a $500 million line of credit from the IDB.

The Superintendent of Guatemalan Banks, Edgar Barquín, said that the purpose of this instrument would be to compensate for the likely loss of foreign credit lines.

IDB Loans $70 Million to Banco G&T Continental

January 2010

The loan to the Guatemalan bank aims to finance import and export operations.

Within the Trade Finance Facilitation Program (TFFP), the Inter-American Development Bank (IDB) granted Guatemalan Bank G&T Continental $70 million.

Flavio Montenegro, G&T CEO, remarked: "This transaction strengthens our trade operations and supports the economy of Guatemala, as it increases the funding available for our nation's industries".

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