Economists also remark that yields dropped in the last months of 2009.
“In 2008, the average return over capital was 17.2%, a figure that dropped to 5.5% on December 2009… Additionally, while loans decreased, deposits increased”, reported El nuevodiario.com.ni.
Source: elnuevodiario.com.ni
More on this topic
August 2009
Between January and July 2009, the liquidity of Honduran Banks grew 242%, from $1.05 billion to $2.45 billion.
60% of available funds are in Lempiras, the national currency, while the remaining 40% are in dollars.
Such growth was a result of monetary policies by the Central Bank of Honduras, who increased the amount of money in the economy by removing some obligatory investments on deposits, and reducing and eliminating reserve requirements.
September 2011
Funds in the banking system have increased by 10.34% so far this year.
Data provided by the Superintendency of Banks (SB), indicates that loan funds have reported increases year after year. Figures up to December 2008 amounted to $2,449 million, for December 2009 it was $3,013 million, and the balance in December 2010 showed an increase of 4.2%.
January 2009
The Monetary Board extended the term of the money table for domestic banks up to May 31.
Prensalibre.com reports: "The measure allows banks to get funds via repurchase agreements that were authorized on 1 November 2008 and which would have expired on 31 January 2009.
The option of opening a window to provide liquidity in dollars came from the decision of the correspondent banks to cut or reduce lines of credit to local banks."
August 2010
Deposits to May totalled $9.2 billion, $0.5 billion more than at the same point in 2009.
The executive director of the Salvadoran banking association (ABANSA), Marcela de Jiménez, believes that this upward trend reflects a rise in certain economic activities, such as exports, remittances and, of course, savings.
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