First Hawaiian Bank: Guam Business Activity Up 10.12%in 4th Quarter of 2012

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Guam – The fourth quarter 2012 First Hawaiian Bank Business Activity Report (BAR) for Guam showed an increase of 10.12 percent in “same store” credit and debit card sales transactions over the fourth quarter of 2011, according to Laura Dacanay, First Hawaiian Bank senior vice president and region manager for Guam and CNMI.

For all of 2012, card sales activity increased by 9.81 percent over prior year with 9 out of 10 sectors showing positive growth.

“Tourism seems to be leading the way with three of the top four sectors with solid fourth quarter gains being Hotels, Restaurants, and Travel Activities,” stated Dacanay.

“Six of the ten sectors posted double digit gains with Hotels topping the list with the biggest gain of 37.11 percent. This is further indication that tourism is rebounding and consumer confidence is growing. ”

 

The Guam BAR tracks credit and debit card sales activity in 10 different economic sectors including retail, hotel, home improvement, restaurants, and travel activities, among others.

First Hawaiian Bank is a major card processor of debit and credit card sales transactions. In 2012, the bank processed over $4.3 billion worth of credit and debit card sales transactions in Hawaii, U.S. Mainland, Guam and CNMI.

First Hawaiian Bank (www.fhb.com) with assets of some $16.1 billion, was founded in 1858 and is the largest and oldest bank in Hawaii. First Hawaiian Bank has nearly 7,500 merchant locations throughout Hawaii, U.S. Mainland, Guam and CNMI and processes all major U.S. credit cards as well as JCB, China Union Pay and BC Global

 

FIRST HAWAIIAN BANK
Business Activity Report

2011 to 2012 Comparison*
(Fourth Quarter 2011 vs. 2012)

Industry

Guam

Hotels

Restaurants

Utilities, Communications

Travel Activities

Other

Insurance

Travel Agencies

Supermarkets

Home Improvement

Retail

———— Fourth Quarter Sales ————
%
2012
2011
Change

$

$

$

$

$

$

$

$

$

$

$

7,047,749

8,519,434

7,118,198

2,211,460

7,609,384

3,188,499

2,766,113

3,392,655

7,029,719

21,350,212

70,233,423 $

$

$

$

$

$

$

$

$

$

$

63,779,317

5,140,168

6,988,908

5,973,640

1,920,119

6,732,078

2,824,934

2,574,472

3,178,510

6,976,581

21,469,907

37.11%

21.90%

19.16%

15.17%

13.03%

12.87%

7.44%

6.74%

0.76%

-0.56%

10.12%

Total Sales

* Only includes card sales by the same company, year over year.