The Credit Card market in Honduras reached USD 1167 million in 2019Q3 (28.150 million Lempiras, +10.2% annual change) and will reach USD 1500 million by the end of 2022 according to the most likely projected scenario* growing at a CAGR of 6.6% during 2011-2022f.
In Honduras there are 818.661 credit cards in circulation (2019Q3) granted by 11 different issuing banks, which represents a penetration rate of less than 14% among the country´s 5.9 million adult population.
BAC Credomatic, FICOHSA, BANCO ATLANTIDA and PROMERICA remains the largest issuers, accounting for more than 80% on the credit card loan portfolio volume.
Honduras: TOP 10 Credit Card Issuers by credit outstandings (2019Q3)
Honduras Credit Card Outstandings, Annual performance, USD millions
Honduras Credit Card Outstandings, Annual change in market share, (Lempiras and USD transactions)