Dollar loans have recovered from the downward trend in 2010 to show positive growth rates since 2011, according to the Central Bank of Costa Rica.

In August 2010, a low of 15% was recorded, compared to 2009, but in September 2011, there was an increase of 20% compared to September 2010. In April, the annual growth rate was 15%, reported Nacion.com.

"The difference in interest rates in colones and dollars is encouraging demand for dollar credit, assuming a stable exchange rate," said Gerardo Corrales, president of the Costa Rican Banking Association.

Source: Nacion.com

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