Analysis of Financial Sector in Central America
Monday, August 11, 2014
For the last four years the loan portfolio of the Salvadoran financial system has been growing at an average rate of 3.5%, below the 11% growth average in the rest of the region.
A report produced by the rating agency Moody's notes...
Bank Deposits Up 17% in Nicaragua
Tuesday, July 22, 2014
In a year savings in the banking system both in local and foreign currency increased from $3.5 billion to $4.2 billion.
The economic dynamism has increased the savings capacity...
Nicaragua : Bank Deposits Grow by 18%
Tuesday, May 27, 2014
Between March last year and the same month in 2014, total deposits in the domestic financial system went from $3.431 billion to $4.185 billion.
More deposits by households, businesses and government...
Nicaragua: Criticism of State Bank Privileges
Friday, May 23, 2014
Private banks are protesting because "the provisions contained in the banking law referring to the requirements and authorizations for the establishment and commencement of operations of commercial banks will not be applicable to Produzcamos."
In the process of starting operations, the entity is not...
Nicaragua: Explanations Given for "De-dollarization"
Tuesday, May 13, 2014
In light of the alarm generated by the proposal for the de-dollarization of the economy, the President of the Central Bank announced that there will be no change in the system of free convertibility of currencies.
An article in Elnuevodiario.com.ni reports that Ovidio...
Nicaragua: Credit Card Balance Grows by 21%
Friday, April 11, 2014
The increase correlates to an increase in the number of merchants affiliated to credit card systems, the growth of the purchasing power of Nicaraguans and increased bancarisation.
According to a report by the Superintendency of Banks...
Nicaragua: Financial Sector Specializing in Coffee
Thursday, March 27, 2014
With a loan of $10 million from the World Bank. Grupo Mercon will provide technical assistance and grant funding to coffee producers.
CISA Exportadora del Grupo Mercon and Corporación...
Promerica Group Buys Ecuadorian Bank
Friday, February 28, 2014
The Nicaraguan financial group has received approval to acquire a 55% stake in Produbanco in Ecuador.
The Superintendency of Control of Market Power in...
Integration of Costa Rica to Regional Payment System
Tuesday, January 7, 2014
It has been announced that from March Costa Rican banks will be able to allow their customers access to the Central Interconnected System of Payments.
From a press release by the Central Bank of Costa...