The Banco Popular Bank in Costa Rica reactivates housing and consumer credit

The bank hopes to offer $548 million in loans for consumption, housing and development in 2009.

Wednesday, January 14, 2009

Nacion.com reports that "this year the bank hopes to offer $381 million (¢213 billion) in consumer loans and $55 million (¢31 billion) for house construction or purchase.

The Bank will also set aside $148 million (¢82.7 billion) in loans for development."

In total the bank will offer some $548 million (¢326 billion) in 2009 with which it expects its portfolio to grow 15%.

More on this topic

Credit for Homes in Costa Rica Decreases

January 2012

The four state-owned banks intend to lend $682 million in housing in 2012, 20% less than last year.

Publicly owned banks (National, Costa Rica, Bancrédito and Popular) have set a goal of granting ¢351,000 million ($682 million) in housing loans during the course of 2012, reported Nacion.com.

Credit for housing restricted in Nicaragua

December 2008

The Banking Superintendence issued a ruling ordering that starting January credit that is greater than 40% of the salary of the person requesting the loan should not be granted.

This is applicable to requests for financing for housing or consumption, confirmed the head of the entity, Victor Urcuyo.

Salvadoran mortgage portfolio surpasses $2 billion

August 2008

The banking system has a mortgage portfolio that surpassed $2 billion, according to a study presented by the Multi-sector Investment Bank.

The Social Housing Fund (FSV) mortgage portfolio, valued at $878.1 million in July of this year and which corresponds to 121,075 credits for new and used houses, should also be added to the total figure.

Bank credit grows in El Salvador

August 2008

Despite the tough situation in the country, banking credit grew 9.5% at the end of June 2008.

According to the latest ranking done by the Salvadoran Bank Association (Abansa), the total credit portfolio in June of 2007 was at $8.43 billion, but the bounce in economic activity allowed the portfolio to rise to $9.23 billion at the end of the first six months of this year.

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