Profits generated by the country's commercial banks jumped 81.0% year-on-year in the first month of the year.
The situation is getting worse and the island needs to see significant debt relief as soon as possible, said Eric LeCompte, executive director of religious development group Jubilee USA, in a press release.
Mexican bank Banorte has maintained sound financial performance, which has enhanced its internal capital generation, said S&P in a press release.
In lean times, private lenders are often more willing to open their checkbooks to fund a project if a multilateral is on board. BNamericas talks about this and more with Margarita Raquel Garcia de Paredes, lead investment officer from the Inter-American Investment Corporation.
While Cielo remains the leading card processor in the country with more than half of the market, it is suffering not only because of growing competition, but also due to a weak macro outlook, according to UBS.
Compared to January 2016, IP increased 1.4%, ending 34 consecutive months of negative results for the comparison.
A lower house commission will look into the role of public agencies in the alleged foreign financing of President Michelle Bachelet's electoral campaign.
The CPI in February took the 12-month inflation rate to its lowest level in over a year.
The payments, made between 2006 and 2014, were tied to political campaigns and construction projects.
The global economy portrayed by the Interim Economic Outlook remains beset by sub-par GDP growth and high inequality, calling for policy responses that advance inclusive growth in the context of increased economic integration, said the OECD in a press release.