BCR lowers interest rates in Costa Rica
The Bank of Costa Rica (BCR) lowered interest rates for loans for housing and small and medium businesses by two percentage points.
Monday, February 2, 2009
Nacion.com reports on its website: "The reduction in the interest rates is effective from Sunday February 1.
Starting February 15, a 2 percentage point decrease in the rates will come into effect for home and small and medium business loans with balances lower than $69,246."
Effective February 15 the bank will reduce its interest rate for housing loans lower than $89.000 (¢50 million) by 2 percentage points.
Banco de Costa Rica (BCR) has earmarked $176.9 million (¢100,000 million) in loans for housing in 2009.
The three State Banks, the National Bank, the Bank of Costa Rica and the Credito Agricola Bank, will introduce mechanisms for lowering credit rates.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar