Elfinancierocr.com reports that "... Dollar loans by state banks are showing the most dramatic fall. Over a year ago they were growing at a buoyant pace by 36%, and within months, it has come down to a decrease of 2%. " On the other side, private banks went from registering a growth of 35% to 22% in the period in question.

Carlos Brina, assistant manager of Scotiabank, told Elfinancierocr.com that "... This lower growth in lending is associated with market reasons. Possibly, the figures are affected by the effect of the depreciation of the colon. When segmenting the loan portfolio by type of bank or currency, a clearer picture of what happens to the money emerges. " "... The downward trend began in May 2014 and since then has been falling, with the exception of last December, when he had a break. "
Despite this decline, dollar loans are reporting more demand in the domestic market than loans in colones.

Source: elfinancierocr.com

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