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Savings growth and slowdown in credit continue – Diario La Tribuna

The financial system maintains resources from the private sector for 374,550.1 million lempiras, according to weekly indicators reported as of February 18, 2021, higher by 3,389.8 million compared to what was captured at the end of 2020 (58.9% of nominal GDP).

The balance of deposits captured by households was 221,623.3 million lempiras, representing 59.2 percent of the total, while private companies reflected 152,926.8 million lempiras, 40.8 percent of the total.

Total private sector deposits showed a year-on-year increase of 51,454.5 million lempiras (15.9%), while as of February 20, 2020 it was 35,358.0 million lempiras (12.3%). The result for 2021 was derived from the growth in national currency of 43,479.0 million lempiras (18.7%) and in foreign currency of 7,975.5 million lempiras (8.8%).

For its part, the credit balance, always as of February 18, 2021, was 359,608.3 million lempiras, 1,578.5 million higher than that registered in December 2020 (56.5% of nominal GDP).

Credit owed by private companies reached a balance of 200,200.3 million lempiras, representing 55.7 percent of the total; while households registered 159,408.0 million lempiras, 44.3 percent of the total.

Preliminary data indicates that the accumulated flow of new loans during 2020 was 279,992.8 million lempiras, of which 33.5 percent was destined for Consumption, 22.8 percent for Commerce, 15.2 percent for Industry, 12.2 percent for Services, 11.3 percent Real Estate and 5.0 percent Agricultural.

Credit to the private sector showed a year-on-year increase of 13,473.0 million lempiras (3.9%) compared to that registered on a similar date in 2020, when it increased 24,736.5 million lempiras (7.7%).

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