Remittances News

Despite crisis, Guatemalan banks report loan growth, profits in July
Monday, September 14, 2020

Sector regulator SIB reported sector-wide income at commercial banks rose 4.4% to 2.95bn quetzales in July 2020, with COVID-19 loan deferment programs ending that month, with the local economy boosted with record remittances in July and August. More

Banorte sees Mexican recovery driven by exports
Monday, September 07, 2020

The local commercial bank expects the post-pandemic economic recovery to be largely driven by external demand with the help of massive COVID-19 fiscal stimulus in the US and elsewhere. More

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