Banking / Investment in Venezuela
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ARGENTINA, 2013/03/13
While Panama's banks held their lead as the biggest banks in Central America, Nicaragua steamed ahead in terms of return on capital and return on assets. HSBC remains the leader of The Banker’s Central American rankings with a Tier 1 capital up by 8.38% to $1.23bn in 2011, the last available financial year.
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VENEZUELA, 2011/06/22
Venezuela’s overnight bank lending rate fell to the lowest since 2008 as President Hugo Chavez’s push to boost bank lending swelled the amount of cash in the economy.
The rate at which banks lend to each other declined to an average of 0.09 % today from 0.1 % yesterday, said an official at the central bank, who asked not to be identified because he isn’t authorized to speak publicly. That’s the lowest level since June 20, 2008. The rate has fallen for 8 consecutive days from 10.5 % on June 9.
