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Nicaragua's banks struggle amid the strife

Thursday, September 6, 2018

Fitch Ratings says that after four months of social and political strife, face an uncertain future, with no end to the crisis in sight.

In  a statement to clients, the agency says that the key factor has been the withdrawal of deposits. "The banks lost 14.9 percent of their deposits between April 18 and August 15 ... although deposits have been to stabilize recently."

The statement adds: "While the indicators of the alit of loans and profitability have deteriorated, they remain at a reasonable level and still better than those of most of Central America."