Costa Rica: Loans in Dollars Get More ExpensiveArguing an attempt to control credit growth in dollars, the Central Bank will apply a reserve limit of 15% to banks that receive lines of foreign funding in that currency.Tuesday, May 19, 2015
The banking sector has opposed the measure, asserting that it will result in an increase in the cost of credit in dollars, affecting the business sector, especially exporters and importers who normally resort to credit lines in dollars to finance their operations abroad. Source: elfinancierocr.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Banking Costa Rica: More Reserves for Dollar LoansAugust 2015 The Financial Superintendency plans to increase reserve requirements for banks that lend in dollars to companies that do not generate revenue in that currency. Costa Rica: Reserve for Dollar DepositsFebruary 2015 Bankers say that the cost of financing in US currency will increase because of the application of a legal reserve limit on deposits taken from abroad for periods of over one year. Costa Rica: Bank Lending SlowsAugust 2014 The scare liquidity of colones explains the lower growth of loans in this currency, while credit growth in dollars continues to lose strength. Costa Rica: More Filters for LendingMay 2013 Credit histories of businesses and individuals will be more thoroughly reviewed, as well as their actual repayment capacity.
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