Corporate credit
in Central America
Monday, October 31, 2011
In September the total amount of loans to large companies increased by 7.04%, compared to the same period in 2010.
Regarding the data from the Superintendency of Banks (SB), an analyst from the Association for Research and Social Studies (ASIES in Spanish), Ruben Dario Narciso, detailed several reasons that have lead to the increase.
Monday, August 15, 2011
In recent months the banking system has reduced interest rates on loans to large corporations.
In March 2009, the average interest rate on loans over $650,000, stood at 9.75%, changing to 9.29% in December 2010 and in March of this year is was 8.43%, showing a downward trend.
Friday, April 29, 2011
Banks are offering rates of up to 7.5% for mortgage loans, both consumer and corporate.
Mauricio Alvarez, manager of the Banco de los Trabajadores (Bantrab) noted that low interest rates abroad has meant that much "capital is returning to the country because the rates are better."
Wednesday, March 23, 2011
The average interest rate charged by banks to corporate customers has fallen more than 10% over the last 2 years.
In December 2008, the average rate for corporate loans over $ 650.000 was about 9.72%, dropping to 8.55% in February 2011.
Tuesday, November 16, 2010
Credit needs for the entrepreneurial sector in the country reached $ 245 million.
The figure comes from the study "Proposal of policy, strategy and action plan for implementation of micro-finance services in Panama", created by the Ministry of Economy and Finance, the Micro, Small and Medium Enterprises (Ampyme) and the United Nations Development Program (UNDP).
Tuesday, April 27, 2010
Panamanian banks were prudent and dodged the crisis successfully; they are now full of cash, and eager to lend money.
With close to $13 billion in liquid assets, banks in Panama are getting ready to finance the Government’s large infrastructure projects, which require $2.4 billion in 2010 and $3.2 billion in 2011. In the 5 years of Martinelli’s government, the State is expected to invest around $15.6 billion.
Wednesday, January 13, 2010
The National Bank of Panama loaned 8.8% more in 2009 to the private sector than in 2008.
By the end of 2009, the credit portfolio to the private sector stood at $1.74 billion.
Monday, August 10, 2009
Costa Rican banks are reporting an increase in loans, specially for industry, services, commerce and home building.
Event though stats for the first half of 2009 do not report an increase in the credit balance of the banking system, "bankers forecast higher loan growth than predicted by the Central Bank in its macroeconomic program revision. The Bank estimated credit growth at 4.3% in Colones and 3% in U.S. dollars."
Thursday, May 21, 2009
Bank credit tightening makes it necessary to look for alternate private capital financing sources.
In the Elfinancierocr.com blog article "En numerous," Edgar Delgado Montoya outlined five options as a source of financing for both start ups and business expansion projects: Emerge Fund, Link Investment Caseif II, E + Co LAC, and E3 Corp.
Friday, March 13, 2009
Ficohsa Bank announced that it will offer loans for projects at a rate of 10% with 7 year terms and a 3 year grace period.
The funds are coming from credit lines with BANHPROVI (Honduran Production and Housing Bank), and are oriented toward the growth of the country’s productive sector.
Thursday, March 12, 2009
In the 2 months that the Secured Transaction Registry has been operating, there have been 91 inscriptions for amounts of up to $20 million.
This registry allows companies to inscribe all types of assets and is seen by companes as a way to access more credit in the financial system.
Thursday, March 12, 2009
The law establishes a trust fund of $1.11 billion to be used by banks to finance productive investment.
According to the Cabinet Decree which was approved March 9, the resources should be directed to finance new productive investments or those that were begun after June, 2008.
Wednesday, February 18, 2009
An analysis of the changes in the dynamics of granting credit, in an interview with the Superintendent of the Salvadorian Financial System.
Luis Armando Montenegro, Superintendent of the Financial System, in an interview published in La Prensa Gráfica, responds to questions about the liquidity of the Salvadorian financial system, the contraction of external credit to the local banking system, changes in the granting of loans, and interest rates, among other issues.
Tuesday, January 13, 2009
It is indispensable for the economy to continue using credit to finance production and commercial operations.
The analysis by Raul Moreira published in the La Estrella in Panama emphasizes that "the demand for internal credit by the private sector was at $31.6 billion in October and continued to grow at 20.38%, while deposits had an increase of 24.69%, which shows that the main source of financing for the expansion of credit comes from domestic savings by individuals. Prudence and caution is recommended for credit policies and it is important to maintain the rhythm of capturing funding."
español
992