Costa Rica banks to continue giving small amounts of credit

Banks have not totally closed off credit, but are granting it more cautiously throughout the rest of the year.

Monday, October 13, 2008

Some entities have even decided to close their doors to certain productive sectors.
Data from the Central Bank and the Superintendence General of Financial Entities (Sugef) indicate that as a matter of fact, banks are placing less credit but not all of them are applying the same brake pressure.

More on this topic

Bank Credit Statistics in Costa Rica

February 2016

Up to December 2015 28% of the total banking portfolio was destined for consumption activities, 26% to the construction sector and 16% to service activities.

Financial Monitoring figures compiled by the Commercial Intelligence unit at CentralAmericaData com show that credit unions are the institutions who awarded the most loans of this type, with 29.8% of their total portfolio.

Costa Rica: Increase in Credit for Consumers and Services

July 2013

Despite the restriction by the central banking system which has caused a general credit contraction, consumer loans have grown by 22%.

According to data from the Superintendent of Financial Institutions (Sugef), these activities are maintaining an upward trend, despite a slowdown in the national economy.

$30 million Loan Between State Telecoms Companies

November 2012

A new loan from the Instituto Costarricense de Electricidad will allow its subsidiary Racsa to stay afloat despite its finances continuing to deteriorate.

This is how things are reflected in its assets, which decreased between 28% and 29% over a period of one year, from October 2011 to October 2012.

Panama: 9% Increase in Consumer Credit

April 2011

The statistics on loans granted in the first months of the year reflect the economy's recovery.

In the last two years, Panama's banking system loosened the restrictions it was forced into placing by the international financial crisis and as a result credit, especially to personal consumers, has begun increasing.

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