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Banks in Central America and Dominican Republic set for growth, says Fitch Ratings

Tuesday, December 20, 2011

The banking systems in Central America and the Dominican Republic are poised for further growth next year as the region's economy recovers, according to Fitch Ratings.

The regional banking sector's profits are expected to be driven by economic growth--which Fitch estimates at 4 percent for next year--as well as credit growth and lower loan-loss provisions.

The region's banks, which have absorbed most of the bad loans from the financial crisis, are poised to see credit quality improve throughout 2012, Fitch said.

Original source: Dow Jones