BANK OF GUATEMALA
Construction in Guatemala: Forecasts for 2021
Jan-29-21 | The government and businessmen agree that 2021 will be a good year for construction, as the Bank of Guatemala projects that the sector will grow by 7.5%, while the builders' guild estimates that activity will increase by 3%.
Loan Portfolio: Growth Slows Down
Oct-15-20 | In June 2020, in the context of confinement and the economic crisis, bank credit to the private sector reported an 8% year-on-year increase, but as of July growth began to slow and in September the increase was 5.7%.
Economic Recovery: Which Sectors Are Winning?
Oct-14-20 | Agriculture, Financial and Insurance Activities, and Real Estate Activities, are the sectors that in Guatemala and in the context of the economic reopening, have increased their growth forecasts for 2020.
Economic Growth: Optimism at the End of 2020
Aug-26-20 | Variations indicating a certain improvement in the world economy, the reopening of different markets and the recovery of exports are some of the factors that could influence Guatemala's economic activity to decrease less than expected in 2020.
Loans in Guatemala: Making Procedures More Flexible
Aug-14-20 | The Monetary Board approved the changes to the Credit Risk Regulations, which were proposed by the Superintendence of Banks and seek to simplify the requirements for loans not exceeding $160,000.
Textile Industry: A decade of Good Numbers
Feb-10-20 | Between 2010 and 2019 exports of textile companies in Guatemala reported an average annual growth of 2%, a rise that is attributed to demand from companies in the United States.
Remittances: Good Outlook for 2020
Feb-7-20 | During the first month of the year, family remittances sent to Guatemala registered a 22% year-on-year variation, a rise that exceeds the 8% increase registered in the same period in 2018.
Western Financials Changes Hands
Jan-30-20 | In Guatemala, Banco de Inversión S.A. acquired 60% of the asset portfolio of Financiera de Occidente S.A., which was suspended in December 2019.
Exports: Better Outlook for 2020
Jan-21-20 | It is estimated that by the end of 2019, Guatemalan exports registered a slight year-on-year increase of 1%; however, for this year, an increase of between 1.5% and 4% is expected.
Loan Portfolio Increased Less Than Expected
Jan-21-20 | At the end of 2019 in Guatemala, the loan portfolio granted to the private sector grew by 5% compared to December 2020; however, this increase was far from the 8.5% predicted at the beginning of last year.
Guatemala: Foreign Investment Up 6%
Jan-15-20 | From January to September 2019, the country received $671 million in foreign direct investment, 6% more than in the same period in 2018.
Guatemala: Insights of the Business Sector
Dec-23-19 | Out of the almost 80,000 companies reported by the Banguat National Directory, 6 out of ten have between one and five employees, and only 2 out of ten have more than 99 people employed.
Informal Economy Reaches 22% of GDP
Dec-20-19 | With a new methodology, the Banco de Guatemala determined that the value of the informal economy already adds up to the equivalent of 22% of the Gross Domestic Product.
Construction and Remittances: Drivers of the Economy
Nov-22-19 | According to the Central Bank, the constructive activity and consumption spending that Guatemalans make with the money received from abroad will boost the economy by the end of 2019, and this expansive cycle could extend until 2020.
Hardware Industry with Good Figures
Nov-8-19 | In Guatemala, the hardware industry is expecting its sales to grow 20% this year, mainly explained by the good performance it has reported so far in 2019.
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