Bank Credit Slows downIn recent months, the credit portfolio of public and private banks in Costa Rica has been growing at a slower rate, partly because of high levels of indebtedness of the population.Tuesday, May 7, 2019
According to figures from the Central Bank of Costa Rica, between October 2018 and March 2019 the year-on-year growth of credit has generally slowed, since the increase in the portfolio of private banks fell from 14% to 12%, in public banks the decline was from 1.37% to 0.75%, and in the case of other financial intermediaries the decline was from 8.86% to 6.97%. Source: elfinancierocr.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need information about the financial sector?Request more information: Need assistance? Contact us
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Loan Portfolio: Growth Slows DownOctober 2020 In June 2020, in the context of confinement and the economic crisis, bank credit to the private sector reported an 8% year-on-year increase, but as of July growth began to slow and in September the increase was 5.7%. Uncertainty Slows Down Private CreditSeptember 2018 Explained in part by doubts about the economic future in the short term, in Costa Rica credit granted to companies and individuals went from growing at an annual rate of 8% in January to 4% in June of this year. Private Sector Credit is Slowing DownJune 2018 Up to February 2018, the growth rate of bank loans for trade, services, consumption and housing activities decreased considerably compared to the same period last year. Dominican Republic: Bank Credit Up 11%June 2018 Up to March 2018, the financial system's credit portfolio totaled $20,811 million, which is equivalent to an increase of 11% compared to the amount reported in the same month in 2017.
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