Guatemala Maintains Interest Rate at 4.5%
Monday, September 1, 2014
Considering the main internal and external variables stable, the Bank of Guatemala is keeping the leading policy rate, a major reference for interest rates in the country, unchanged.
From a statement issued by the Bank of Guatemala:
Guatemala: Banking Secrecy Once Again
Friday, August 29, 2014
Financial authorities insist on the need to eliminate bank secrecy in order to access information on taxpayers accounts where suspicious movements have been reported.
Now it is the Superintendency of Banks (SIB) which is...
Guatemalan Bank Could Operate in Panama
Tuesday, August 19, 2014
Banco Industrial has announced that it is prepared to start operations in Panama's financial center in the first quarter of 2015.
The Bank which is of Guatemalan origin, and which...
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...
Guatemala: Bank Assets Up 12%
Tuesday, July 29, 2014
In the first half of 2014 banks assets in the country increased by 12% compared to the same period in 2013, while the amount of loans granted grew by 11%.
Data from the Superintendence of Banks of Guatemala...
Guatemala: Leader Rate Drops to 4.5%
Thursday, June 26, 2014
The Monetary Board, at its meeting on June 25, decided to lower the monetary policy leader rate from 4.75% to 4.50%
Among the arguments given by the authorities of the...
Fitch Downgrades Guatemala's Ratings to 'BB'
Friday, June 20, 2014
Fitch has also downgraded the issue ratings on Guatemala's senior unsecured foreign and local currency bonds to 'BB' from 'BB+', with outlook revised to Stable.
From the press release by Fitch Ratings:
Guatemala: Growth of Unregulated Credit Market
Thursday, June 5, 2014
The demand for credit by people who can not meet the requirements of regulated financial institutions, is favoring pawnshops and moneylenders.
Financial institutions operating under the official...
Guatemala: Leading Rate Maintained at 4.75%
Thursday, May 29, 2014
Taking into account stable macro economic variables at the national and the global level, the Bank of Guatemala has decided not to change the policy leader rate, the main reference for interest rates in the country.
From a statement issued by the Bank of Guatemala...
Guatemala: Alarm Over Defaults on Microloans
Thursday, May 22, 2014
Companies in the sector are warning of over-indebtedness in some areas of the country and are asking for adjustments to the rules that regulate the activity.
At the end of the first quarter of 2014, the country has...