Central American Banking in October 2014
Monday, October 20, 2014
Analysis by Fitch Ratings projects that banks in the region will maintain strong balance sheets and have stable profitability in 2014.
Excerpted from Fitch Ratings:
Citi to Sell its Operations in Central America
Tuesday, October 14, 2014
The group has announced that as part of its long-term strategy it will withdraw from the consumer banking business in Costa Rica, El Salvador, Panama, Guatemala and Nicaragua.
Extract from a statement issued by...
Alba Nicaragua Enters Banking Business
Wednesday, September 17, 2014
The Superintendency of Banks and Other Financial Institutions of Nicaragua has authorized Banco Corporativo to carry out financial intermediation activities in the country.
The entry of a new financial market participant is...
Nicaragua: Financing Available for Agriculture
Friday, September 5, 2014
Microfinance officials have announced that $55 million will be granted in loans to businesses in the agricultural sector.
Representatives from the Nicaraguan Association of...
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...