Profits Down at Guatemalan Banks

©image: Sam Photos8.com

Data from the Banking Superintendence (SB) shows that in the first two months of 2007 banks made a profit of $37 million, $54 million in 2008 and $62.3 million in 2009.

Return over assets (ROA) grew from 0.32% in 2006 to 0.37 in 2009, but fell to 0.29% in 2010, the lowest figure in 5 years. Return over equity (ROE) had also grown from 3.89% in 2006 to 3.97% in 2007, but fell to 2.85% in 2010.

Source: sigloxxi.com

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