Costa Rica: Announces $93 million in Soft LoansSix financial institutions have been authorized to provide loans under the conditions imposed by the Development Bank, with interest rates of 3% in dollars and in line with the passive base rate in colones.Monday, June 15, 2015
Welmer Ramos, chairman of the Governing Board of the Development Banking System commented that "... 'These programs involve interest rates that are half the rates that currently exist for the same activities.'" ¿Busca soluciones de inteligencia comercial para su empresa?Basic Passive Rate Falls to 3.75%April 2020 This week, the Basic Passive Rate continued to fall, from 3.8% to 3.75%, while the Effective Rate in dollars also fell, from 1.94% to 1.84%. Local Currency Shortage Pushes Interest Rates UpMarch 2019 In Costa Rica, the government's strong need for financing and the Central Bank's exchange rate interventions have been putting pressure on the local financial market, pushing up passive rates in Colones. Costa Rica: Financing for Small IndustriesOctober 2012 The National Bank has $14 million from the System for Development Banking for small industrialists who have a capacity to pay, good credit and a clear plan of investment. Where are the Best Interest Rates?March 2012 Costa Rican credit unions pay up to 4.25% more than banks on term deposits in local currency.
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