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Nicaragua Bank Credit On the Rise At Start of 2018

During January in Nicaragua, the gross portfolio of the financial system totaled US$5.371 billion, 14% more than in the same month in 2017, explained in part by the performance of commercial credit.

The Central Bank of Nicaragua reported that ” …The sectors with the highest representation in the portfolio are commercial credit and personal loans, with both sectors accounting for 55.4 percent of the total portfolio. On the other hand, the portfolio at risk and the past due portfolio continue to register levels below the rest of the Central America, Dominican Republic and Panama (CAPARD) region.”

The document adds that ” …For its part, deposits in the national financial system amounted to 162,741.8 million córdobas, which represented a year-on-year growth of 9.2 percent (10.7% at Dec-17). By currency, deposits in foreign currency, which represent 75.9 percent of the total, showed an interannual growth of 9.8 percent (10.2% Dec-17). In turn, deposits in national currency registered a 7.3 percent growth (12.3% Dec-17). ”

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It concludes that ” … the levels of liquidity, profitability and solvency are the highest in the CAPARD region, in relation to liquidity, the availabilities were located in 31.0 percent of the obligations with the public. Regarding profitability, the ROE of the system was 21.8 percent. For its part, capital adequacy was 13.9 percent, when the required regulatory parameter is 10.0 percent. The default level as a percentage of the total portfolio remains at the same level as December 2017 (1.1%), which is the lowest in the CAPARD region.”

See full report (In Spanish)

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