The Nicaragua banking system has strengthened in recent years and should easily pass the financial stress tests it will be submitted to, with the technical assistance of the International Monetary Fund.
So say the banks’ managers, who trust that these tests will allow them to verify the degree of soundness of certain financial indicators and the stability of the system as a whole.
These tests are part of the latest agreement with the IMF, whose representatives will be part of the technical team to implement the tests on banks.
Portfolio concentration, capital adequacy and ability to face an outflow of funds are some of the indicators that can be measured by these tests.
In an article on Elnuevodiario.com.ni, Banpro’s General Manager of Production, Luis Rivas, states that "banks perform such tests internally. "We conduct them every year because it helps us see the strengths and improvements in our own indicators", he says.
He also stresses that they are useful for tracking the recovery of banking indicators and determining whether these are sustainable, hinting that they are not worried about the upcoming tests. "
Source: elnuevodiario.com.ni
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February 2009
Banks are seeking funds to ensure financing for the housing sector with better interest rates.
EL NUEVO DIARIO.com.ni reports on its website: "Luis Rivas, General Manager of the Production Bank (Banpro), said that the funds to finance home purchases are generally intermediate, because there are no long term deposits in the country, and interest rates offered to the final consumer depend on those set by the providers of the funds.
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Bankers and financial analysts agree today that the financial system is stronger.
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