Costa Rica Extends Measures for Banking Liquidity

In response to the local and global economic crisis, the liquidity measures taken in October 2008 were extended by nine months.

Friday, March 13, 2009


In October 2008, the National Council of Financial System Supervision (CONASSIF) decided to relax some of the risk indicators required of financial institutions to strengthen their liquidity.

This relaxation initially ran from October through March, but the Council decided to extend it until December.

In an article in, Patricia Leitón, explained some of the measures: "One of the changes is that the entities are no longer required to have profitability equal to the accumulated inflation over the past 12 months (currently at 12.75%), instead the profitability required will be 10.65% until December."

More on this topic

Costa Rica: More Controls for Dollar Loans

February 2013

Better risk management will be required of banks and greater analysis of the capacity to pay by debtors who have exposure to exchange rate risk. reports that "banks who grant loans in dollars, especially to customers who have no income in that currency must now be more rigorous and provide more information to financial supervisors on these loans."

$450 million for Guatemala banks

November 2008

Monetary authorities are pushing more actions to provide liquidity to the banking system.

A total of $450 million (Q3,460 million) will flow into the economy during the next few days, as result of the explication of measures to provide the banking system with liquidity.

Tight Credit May Result In Massive Layoffs

October 2008

The business sector is warning that the Costa Rica could enter a crisis of massive layoffs if they cannot finance their activities.

The warning is based on the scarcity of credit both from the public and private banks, which is causing many companies not to have sufficient financial resources to continue operations or expand.

Risk indicators for banks in Costa Rica made flexible

October 2008

The objective of the Superintendence of Financial Entities is to strengthen bank liquidity in order to prevent being affected by the global crisis.

Superintendent, Oscar Rodriguez, justified the decision to ease some risk indicators for financial entities in order to allow them to "raise" more liquidit, since they do not know how great the impact of the global financial crisis will be.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Partner needed for financing/construction in Punta Leona, CR

I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction.
Wanted partner for financing and/ or construction in the...

Stock Indexes

(Apr 25)
Dow Jones
S&P 500


(Apr 26)
Brent Crude Oil
Coffee "C"