Loans
in Central America
Friday, May 18, 2012
The money provided by Panamanian banks has increased by 2.3% since December 2011 due to the dynamism of the economy and competition among financial agents.
Panamanian banks granted $616.68 million in loans in the first quarter of 2012, an increase of 2.3% since December 2011, according to data from the Superintendence of Banks in Panama.
Thursday, May 17, 2012
A regulatory amendment empowers the National Housing Institute of Costa Rica to grant mortgage loans to legal persons.
Regulation Law 8448, of the National Housing Institute (INVU) allows loans for housing to be granted exclusively to individuals who are heads of household.
Wednesday, May 16, 2012
A new monetary policy prepared by the Central Bank of Honduras affects the competitiveness of the financial sector and credit availability.
Honduran banks reduced by $1,500 million the amount available for loans to the productive sector and may raise interest rates in light of provisions by the Central Bank of Honduras.
Tuesday, May 15, 2012
The Nicaraguan economy has recovered strongly supported by high export prices and a reasonable macroeconomic policy.
A statement from the International Monetary Fund (IMF) reads:
Mr. Marcello Estevao, Head of IMF Mission to Nicaragua, made the following statement:
Monday, May 14, 2012
Between January and March 2012 599.000 credit cards were issued in Panama, an increase of 8.3% compared to the same period in 2011.
Data from the Panamanian Credit Association (APC in Spanish), also indicated that the balance on the total number active credit cards was $1.081 million, 11% more than on the same date in 2011 when it was $973 million.
Friday, May 11, 2012
In January 2012, there were 202,000 active mortgages, which is an increase of 4.2% compared to 2011.
Figures from the Panamanian Credit Association (CPA) show that in January 2012, there were 202,000 active mortgage loans, representing an increase of 4.2% compared to the figures for the same period in 2011.
Friday, May 11, 2012
The Development Bank of El Salvador has received about 700 investment prospects recently and is preparing to grant loans starting from this May.
"We have received more than 700 potential prospects, some of which some are already in advanced stages," said Oscar Lindo, chairman of the Development Bank of El Salvador (BANDESAL) to Laprensagrafica.com.
Tuesday, May 8, 2012
The Development Bank of El Salvador’s imminent start of operations may be the long awaited solution to the lack of credit for productive activities.
The difficulty in accessing financing has been a limiting factor for the proper functioning of the productive sectors in recent years, a view shared by, for example, Elena de Alfaro, president of the Foundation for Economic and Social Development (Fusades).
Wednesday, May 2, 2012
In Guatemala premiums total $23 million, and regionalization of economic activities has promoted fronting for international businesses.
In 2011, securities generated an amount of Q177 million or about $23 million and for 2012 they are forecast to grow by 15% to 20%, said Andrew Sicily, president of Fianzas Universales to Prensalibre.com.
An estimated five to 10 percent of the bonds in Guatemala are released under a international fronting scheme. According to Sicily in the last six or seven years the increase in business has meant that about 25 Guatemalan companies already use these mechanisms in countries like Mexico.
Monday, April 30, 2012
In Nicaragua, the ‘No Pago’ (Non Payment) movement has generated such distrust in international sources of finance that this year credit lines -which were $80 million-, have barely reached $5 million.
MFIs received less than $5 million in the first quarter of 2012 from international lending institutions, which directly affects their ability to offer more microloans, said Alfredo Alaniz, executive director of the Association of Microfinance Institutions (ASOMIF).
Wednesday, April 25, 2012
In Guatemala, legislative barriers are delaying 3 loan approvals for infrastructure, competitiveness and development.
Three loans totaling $179 million are in danger of being lost due to delays in Congress in approving the loans, despite having them on the agenda.
Wednesday, April 25, 2012
In February credit for the construction sector reported a growth of 38.22%.
According to the Salvadoran Chamber for the Construction Industry (Casalco), the industry obtained between the months of January and February about $79 million in loans to build and buy homes, representing an increase of 38.22% compared to the same period in 2011.
"Funding for construction totaled $23.07 million, 5.94% more than last year.
Monday, April 16, 2012
In Panama, consumer credit closed 2011 with a portfolio worth $5,702.9million, an increase of 8% compared to 2010.
Personal loans reflected an increase of 10% compared to 2010 followed by credit cards with an increase of $71.3 million. Meanwhile, vehicle purchase loans increased by 10%.
Wednesday, March 28, 2012
Employers have suggested that the Social Housing Department raise the ceiling for lending to $125,000, in order to create opportunities for lower-income segments.
The Salvadoran Chamber of the Construction Industry (Casalco) has proposed that the Social Housing Fund (FSV) increases to $125,000 its lending ceiling, seeing as it is now being analyzed, reported Elmundo.com.sv.
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