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Honduras has highest default rate in Central America

Monday, November 18, 2013

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.

Full story (in Spanish)