Honduras has highest default rate in Central America

The Honduran private bank system has the highest default rate in the region, according to the Central American Monetary Council.

A report by the council showed that Honduras's default rate stood at 3.2 percent up to September this year, followed by El Salvador, with 2.6 percent; Costa Rica with 2.3 percent; Nicaragua with 1.4 percent and Panama with 0.8 percent.

Last year, the real estate sector accounted for 88 percent of the country's private bank loans.



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