bank credit Banking access to credit credit contraction loans Bank of Guatemala Banco G&T Continental Finance credit-crunch Armando Arias Banco Industrial - BI Capital Corporation Banking Authority (Guatemala) Banks Capital Markets Central Banking

Private Lending Slows in Guatemala

Credit to the private sector grew by 11.2% in January, a lower growth than for the same period last year when the increase was 26.4%.

Monday, March 2, 2009

©image: Marie Carianna

Reporter Jessica Gramajo wrote in the SigloXXI website: "Data from the Bank of Guatemala (Banguat) reported that in January of this year the banking system maintained a loan portfolio of $10.901 million (Q 87.240,8 million). Although it is higher than the $9.816 million (Q78.559,4 million) during the same month in 2008, the growth rate was lower."

Source: sigloxxi.com

Key entities

Bank of Guatemala Banco Industrial - BI Capital Corporation Luis Lara Banco G&T Continental

Countries

Guatemala

Insight

bank credit credit contraction access to credit Banking Finance

$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.

$25 Million for G&T Continental Bank

April 2009

The IFC announced the addition of the Bank to the Global Foreign Trade Finance Program (GTFP).

The objective of the International Finance Corporation is to support local banks in promoting trade within their respective countries.

The manager of the international area of G&T Continental Bank, Sergio Bocanegra, told Siglo XXI: "The amount could rise to $50 million within 6 months.

Banco G & T El Salvador has $270 million for Loans

February 2012

The bank is planning to grant loans this year worth $270 million.

Last year it approved $210 million worth of loans to productive sectors such as industry, trade, services, agriculture and construction, an increase of 49% compared to 2010, said the General Manager of the institution, Roberto Silva Alvarez.

Credit for Private Sector Drops to 8.3% in Guatemala

April 2009

Up to and including April 9, the total growth (including loans in local and foreign currency) was 8.3%, the lowest in the last two years.

Despite measures taken by monetary authorities to keep the money market liquid in order to stimulate credit, financing to companies has not reactivated. Directors of the Industrial Bank and G&T Continental state that they are receiving up to 20% fewer loan requests.

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