Highest year-on-year market share growth ranking
Credit outstanding receivables in COR$
The market for commercial and consumer loans in Nicaragua has experienced significant growth in the last year, according to data from our lastest market research report. The volume of the loan portfolio reached 166.073 million Córdobas in June 2023, which represents an increase of 18.9% compared to the same month of the previous year, when it stood at 139.679 million.
Among the main competitors in the financial sector, Banco de la Producción (BANPRO) remained the leader with a market share of 30.9% in the total volume of the current portfolio, followed by Banco de América Central (BAC). with 26.1%, Banco LAFISE BANCENTRO with 18.3%, Banco de Finanzas (BDF) with 8.0% and Banco FICOHSA with 6.3%.
The analysis by type of loan reveals that vehicle loans were the ones that grew the most in percentage terms, with an increase of 42.2% year-on-year, followed by personal loans with 25.8%, commercial loans with 24.4 % and credit cards with 19.4%. On the contrary, mortgage loans and social housing were the ones that increased the least, with 2.3% and 4.5% respectively.
These data reflect the economic dynamics of the country and the demand for financing by the productive and consumer sectors. However, they also pose challenges for banks' credit risk management and financial sustainability. For this reason, it is necessary to maintain quality and solvency standards in the granting and supervision of loans, as well as to promote a culture of financial education among clients.
The analysis by type of loan reveals that vehicle loans were the ones that grew the most in percentage terms, with an increase of 42.2% year-on-year, followed by personal loans with 25.8%, commercial loans with 24.4 % and credit cards with 19.4%. On the contrary, mortgage loans and social housing were the ones that increased the least, with 2.3% and 4.5% respectively.
These data reflect the economic dynamics of the country and the demand for financing by the productive and consumer sectors. However, they also pose challenges for banks' credit risk management and financial sustainability. For this reason, it is necessary to maintain quality and solvency standards in the granting and supervision of loans, as well as to promote a culture of financial education among clients.