credit cards Banking BAC Credomatic consumer credit American Express Ernesto Porta Finance Nicaraguan Chamber of Commerce credit card BAC San José Banco Nacional de Costa Rica Costarican Ministry of Economy, Industry and Commerce Personal loan Retail Asociación Panameña de Créditos

Nicaragua: Credit Card Usage Drops

During the first quarter, Credomatic recorded a decline of 3% in credit card use with respect to the same period in 2008.

Wednesday, April 29, 2009

©image: Colin

Credomatic is the strongest participant in the Nicaraguan credit card market with 150 thousand customers, and it processes 70% of the total transactions in the country.

A Prensa.com.ni article reported: "Details by the Superintendent of Banks (SIB) suggested that up to and including December 2008, the country had 384,405 cardholders, while the number of credit cards was 539,331, which indicates that each debtor has more than one credit card."

Source: laprensa.com.ni

Key entities

BAC Credomatic María Elena Barrios Banking Authority (El Salvador) Nicaraguan Chamber of Commerce Ernesto Porta

Countries

Nicaragua

Insight

credit cards consumer credit Banking

Panama: 9% Increase in Consumer Credit

April 2011

The statistics on loans granted in the first months of the year reflect the economy's recovery.

In the last two years, Panama's banking system loosened the restrictions it was forced into placing by the international financial crisis and as a result credit, especially to personal consumers, has begun increasing.

Panama: Car Loan Defaults Increase

February 2009

According to data from the Bank Superintendent of Panama, the balance of defaults and past due accounts reached $37.3 million in 2008.

María de Gracia writes in Pa-digital.com.pa: "The loans that show the highest default rate are those for cars that have a price of up to $15,000, with $28 million, followed by the ones of up to $30,000, with $7.2 million."

28% Increase in Consumer Credit in Guatemala

October 2011

The amount in loans made in the first nine months of the year, $2,900 million, reflects greater economic dynamism in the country.

According to the Superintendency of Banks (SIB), these types of loans currently represent 26% of the entire banking portfolio.

The corporate manager of strategic planning at the Workers Bank, Mauricio Alvarez, said that consumer credit is one of the most attractive for banks.

$5,700 million in Consumer Credit in 2011

April 2012

In Panama, consumer credit closed 2011 with a portfolio worth $5,702.9million, an increase of 8% compared to 2010.

Personal loans reflected an increase of 10% compared to 2010 followed by credit cards with an increase of $71.3 million. Meanwhile, vehicle purchase loans increased by 10%.

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