Bank
in Central America
Monday, January 30, 2012
Direct investment by Colombian companies came to about $1 billion in 2010, a giant leap forward compared to the $27 million in 2004.
Central America has become a kind of "Promised Land" for large companies in Colombia, writes ElTiempo.com.
Wednesday, January 25, 2012
The Association of Banks of Guatemala has announced the availability of $2.5 billion for loans for production within an optimistic economic outlook.
In light of the private sector’s optimism created by the assumption of a new government and the expectation of more foreign investment, the AGB has said that there will be credit growth in 2012.
Tuesday, January 24, 2012
The Banco Davivienda, part of the Bolivar Group, has acquired the operations of HSBC in Costa Rica, El Salvador and Honduras.
HSBC Holdings announced on Tuesday the sale of its operations in Costa Rica, El Salvador and Honduras, for $801 million.
Monday, January 23, 2012
The Rural Development Bank plans to open 21 branches in Honduras, investing $40 million.
Guatemalan banks are expanding into Central America. This time it is the Banrural, which has plans to open 21 branches in Honduras after obtaining permission from the authorities.
Monday, January 16, 2012
The financing company is registering with the regulating authority the creation of a financial group made up by the financing company, an insurance seller and a leasing company.
Silvio Lacayo, Desyfin manager, said the proceedings were initiated in 2011 with the Superintendent of Financial Institutions and they are awaiting final approval by the agency.
Friday, January 13, 2012
Banking Center assets recorded a total of $81.24 billion, an increase of $10.34 billion, 14.6%, more than in November 2010.
A press release from the Superintendency of Banks of Panama reads:
Banking Center assets totalled $81.24 billion, an increase of $10.34 billion (14.60%) when compared to November 2010.
Tuesday, January 10, 2012
Only the Banco Popular plans to open ten new offices, the rest have plans from only one or two openings.
For the banks Nacional BCR, BCT, Lafise and others, it will be a year of moderate growth and their plans will be to participate in new developments or strategic communities.
Wednesday, January 4, 2012
A Fitch Special Report indicates better positioning in the face of external uncertainty.
SUMMARY
Strengthened Financial Performance:
The banking systems of Central America and the Dominican Republic (hereinafter the region) will continue to strengthen their financial performance as the region continues to recover its rate of GDP growth, estimated at about 4% by 2012 under Fitch’s baseline scenario.
Friday, December 9, 2011
In recent months, 51 financial institutions have joined the Interconnected Payments System (SIP in Spanish).
The system allows users, whether they be natural or legal persons, to make electronic fund transfers between Central American countries, including the Dominican Republic, in US dollars, quickly, safely and inexpensively.
Thursday, December 8, 2011
Economy and Development Report by CAF - Development Bank in Latin America -entitled Financial Services for development: promoting access in Latin America.
From the introduction of the first chapter of the report:
Friday, December 2, 2011
According to a resolution from the Junta Monetaria (JM) banks in the financial system can offer their clients mass scale insurance services.
Resolution JM-142-2011, published on Friday 2 December in the Diario Oficial states that the sale of insurance products has been regulated by article 89 of the Law on Insurance Activities since the 5th of January, however it was necessary for the JM , in the opinion of the Superintendency of Banks (SIB), to authorize banking institutions to undertake other operations and provide other services that were not accounted for in the aforementioned legislation ‘as long as they are compatible with normal functions’.
Tuesday, November 15, 2011
Bankers say they are prepared for the tests due to be carried out on entities.
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.
Thursday, November 10, 2011
Grupo Financiero Ficohsa has signed an agreement to acquire 90% of the shares of Banco Americano SA, a bank that has been operating in the Guatemalan financial system since 1995.
A press release from Grupo Financiero Ficohsa states:
The formalization of the transaction is subject to approval by the Guatemalan Superintendency of Banks in accordance with the Regulations for the acquisition of shares approved by the Monetary Board.
Friday, November 4, 2011
According to experts, more branches do not mean a larger banking population.
While the number of bank branches in the country has grown significantly, the number of Guatemalans who have a bank account is less than 25%.
Experts in the field, such as the economist Julio Estrada, say that one of the main advantages of the population being involved in banking is access to credit, which enhances a country's development.
Wednesday, October 26, 2011
New technologies will be the basis for changes affecting users of financial services in the future.
Accessing your account from Facebook and financing being offered at the time you buy a product are some of the innovations that we could be seeing in the coming years in the banking industry.
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