Financial services and fintech investment had picked up following a 2016 pact with left-wing rebel group Farc.

Bank of Taiwan, the country’s largest lender by assets, saw its holdings of core capital rise by two-thirds between 2016 and 2020.

Despite the Covid-19 pandemic, return on equity remains above 20% at three of the country’s four largest banks.

The four largest banks in the country have seen a steady increase in mortgage holdings over the past five years.

Gross total deposits at the two largest banks in Uruguay have increased 10-11% over the past five years.

Pre-tax profits at three of the four largest banks in the country have been falling since 2017.

Banco de Occidente Honduras, the fourth-largest bank in the country by assets and Tier 1 capital, saw its bad loans ratio rise to 8.6% in 2020.

The country’s economy is heavily dependent on commodities, leaving the banking sector susceptible to fluctuations in commodity prices.

National Bank of Kuwait, the largest bank in the country, saw return on assets fall to 0.87% in 2020.

Financial services and fintech investment surged in 2019, but the onset of Covid-19 led to a drop-off in projects in 2020.