Belize is considered a true oasis Bank, one of the last places on earth. There are five domestic banks and several international banks in Belize.
The liquidity of banks is high, at 25% it is much more than Western banks. But then there is no deposit insurance in Belize, so if a bank were to Belize from the business, the bank would be driven to bankruptcy, and it's assets sold, before any remaining funds can be returned to the account holder.
Interest rates in Belize are also very high, around 15% expect to pay for a mortgage loan.
No comments:
Post a Comment