Banks Report Slight Increase in ProfitsBecause of the slowdown in the issuance of loans, in 2018 the profits of banks in Costa Rica grew just 3% over what was recorded in 2017.Tuesday, January 22, 2019
Figures from the Central Bank of Costa Rica show the deceleration reported in loans granted during the first nine months of last year, detailing that up to December 2017 the credit portfolio to the private sector registered an 8% year-on-year increase, while the indicator concerned up to September 2018 dropped to 5%. Source: elfinancierocr.com Do you need information about the financial sector?Request more information: Need assistance? Contact us
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Complicated Economic ScenarioSeptember 2018 The deterioration of the economy and rising unemployment are the main reasons behind the difficulties faced by companies and individuals in Costa Rica in paying back their bank loans. Honduran Bank Profits GrowJuly 2018 From January to June of this year net profits of banking entities totaled $116 million, registering an increase of 7% with respect to the same period last year. Costa Rica: Slowdown in Business LoansJanuary 2018 Figures up to October 2017 show a 3% YoY growth, well below the 12% increase registered in the same month in 2016. Costa Rica’s Banking Sector Profits Grow 22.5%January 2012 The banks reported profits of nearly $276 million in 201, which is 22.5% more than 2010.
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