The Central Bank of Nicaragua reported that the country’s banking institutions closed the month of May with an increase in their assets and deposits of 11.5%.
The accumulated to May, according to the sources of resources, are the increase in the obligations with the public that corresponds to C$ 15,745.8 million córdobas; equity (fixed assets and current assets), for C$2,845.0 million; the increase in the credit portfolio was C$ 11,868.7 million; investments, C$ 5,351.9 million. On the other hand, there was a reduction in the obligations with financial institutions and other financing (interbank loans) l, which reported C$3,479.4 million.
The growth in relation to the same period of May 2022 is 11.6%, with total assets of C$ 299,365.7 million. Equity also presents an increase of 11.5%, in relation to the same month of the previous year with an accumulated amount of 52,194.9 million córdobas.
Public deposits and credit portfolio
Deposits from the public had an interannual growth of 16.9% with a balance equivalent to C$ 205,081 million córdobas; the credit portfolio (allocation of loans) increased by 19.2%, with a balance of C$ 163,991.2 million. Cash and cash equivalents on public deposits registered a value of 34.2%.
The document details that there is a better credit quality, with a current portfolio of 93.1%, while the rate of the portfolio in arrears at this date is 1.3%. On this same date in 2022 it was 2.2%, which indicates better payment behavior.
