The deposits in Nicaraguan national banks, especially those denominated in foreign currency, have shown significant increases in recent months.
Economists say the increase is due in part to improved economic conditions prevailing in the country, which have increased Nicaraguans savings and their confidence in the banking system.
Although the Central Bank has stopped publishing its financial statements, it is possible to see that of the total deposits, the fastest growing are those denominated in dollars.
The Central Bank of Nicaragua, in its Monetary and Financial Report for May 2011 states that: "Bank's deposits increased $60 million. These are explained by a $44 million increase in deposits and a net credit recovery of $17 million."
Source: elnuevodiario.com.ni
More on this topic
February 2011
Total savings reported in 2010 were $ 3,389 million, 13.6% higher than 2009.
According to information from the Superintendence of Banks, the total reported by the banking system in 2009 was $ 2,982 million.
"This data shows that most savings are kept in Quetzales. ... In December of last year the total was $ 2.927 million, 13% more than the $ 2.672 million reported in 2009", reported Sigloxxi.com.
December 2011
Internal deposits in individual savings accounts in the banking systems amounted to $25 billion.
The confidence of Panamanian and foreign savers is reflected in the amount of deposited funds in the countries banks, which has grown considerably in the last few years.
Of all the money deposited in the system, internal funds have shown the greatest growth, which at the end of the third quarter was 11% more than in the same period in 2010.
January 2012
Authorities state that foreign agents are showing confidence in the rise of the Panamanian economy and its prospects.
Savings from foreign clients in the financial system in Panama increased by almost 19% last year compared to 2010. In November 2011, foreign deposits totaled $24,635,000,000, an increase of 18.78%, or $3,895,000 more than in November 2010, when it was $20,740,000,000 according to data from the Superintendency of Banks in Panama (SBP).
July 2008
Honduras continue saving in Lempiras in spite of the fluctuation of the currency versus the US dollar.
The Central Bank of Honduras reported that the banking system keeps $6.180 million in private sector deposits, with 30% of those in Lempiras, and the remaining 30% in foreign currency (US dollars, euros, swiss francs, pounds and yens). The data refers to July 3, 2008.
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