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...
$6.84 Billion From Colombian Banks in Central America
Monday, October 7, 2013
Since 2007 Colombian bankers have made progress in the region, led by Bancolombia with $3,216 million and Grupo Aval with $2.821 million.
For example, in Panama they have operations with "......
Central America Banks: Solid But Less Profitable
Wednesday, September 25, 2013
In the last year, the sector was characterized by lower loan growth, lower returns and higher funding costs.
Fitch has presented its Special Report on the Central...
Nicaragua Must Prepare for FATCA
Tuesday, September 24, 2013
The measures taken by the U.S. Treasury to pursue American tax evaders affect about 150,000 bank customers in the country.
In late April 2014, financial institutions must adhere...
Guatemala Joins South American Financial Action Task
Wednesday, July 24, 2013
Adherence to the group known as GAFISUD by its initials in Spanish will strengthen the work on preventing and combating money laundering and repressing terrorist financing .
A press release from the Superintendency of Banks of...