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Bad-debt portfolio of banks in El Salvador is highest in Central America. Honduras and Nicaragua next in order

Tuesday, October 4, 2011

A Fitch Ratings report on Central America’s banking system says that the bad-debt portfolio is the highest in Central America.

The statistics for June show that bad debts accounted for 3.9 percent of the assets of banks in El Salvador. Honduras was second with 2.9 percent, followed by Nicaragua with 2.8 percent and Costa Rica, 2.4 percent. Guatemala and Panama were at 1.9 and 1.1 percent respectively.

Fitch says that the region’s banks will not regain for some time the levels they reached before the 2009 international crisis.

Original source (in Spanish): La Prensa Gráfica