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Costa Rica: Credit Card Portfolio Up 30%

Between April 2012 and the same month this year, the credit card portfolio of state banks grew by 8.5%, while among private banks the increase was 33%.

Friday, June 14, 2013

The increase in the private sector is not surprising, since Banco Promerica alone has 35 types of credit card rates, being the issuer with the most diversity in the country. The dynamism is also reflected in income from fees which the banks charge for the use of plastic, accounting for 46% of total revenues.

A recent study by the Ministry of Economy (MEIC), reveals that more than $1.197 billion is owed by Costa Ricans via credit cards, distributed amongst 1.2 million cards in circulation in the country.

Source: elfinancierocr.com