Costa Rica: Maximum Arrears Levels at State Banks

Data for January 2013 shows that the arrears in loans in the three state banks in Costa Rica are close to the maximum allowable limit.

Wednesday, February 20, 2013

For the Banco de Costa Rica, the arrears indicator has reached 3.14%, exceeding the ceiling imposed by the Superintendent of Financial Institutions (Sugef), of 3%. reports that "The delinquency indicator of the three state banks, together, came to 3.02% last month, up from the 3% allowed by Sugef. Separately, the Banco de Costa Rica (BCR) exhibited the highest rate at 3.14%, which breaches the limit. This entity is followed Banco Nacional, whose indicator reached 2.97% and Bancrédito with 2.67%. "

Direct loans granted by the three state banks are in excess of ¢4.8 billion.

More on this topic

Costa Rica: More Credits on Default

June 2019

Late loans granted by public banks to small companies amounted to 5.5% in May, 3.8% in the case of medium-size companies and 3.3% in the case of large companies, a situation attributed to the economic slowdown.

The percentage of credits reported by the General Superintendence of Financial Entities (Sugef), refers to loans that went into default for more than 90 days and judicial collection, granted by public entities such as the National Bank, Banco de Costa Rica and Banco Popular.

Costa Rica: Agricultural Credit Arrears Increases

May 2019

In the last two years, non-performing loans to the agricultural sector increased from 2.4% to 5.9% between April 2017 and the same month in 2019.

Figures from the General Superintendence of Financial Entities (Sugef) indicate that the increase reported in the arrears of agricultural loans includes operations with delays of more than 90 days, as well as operations that are in judicial collection.

Guatemalan Credit Arrears Up 24%

August 2009

The banking system's late portfolio reached $283 million in June 2009, 24% more than the same month of 2008.

As a portion of the entire credit portfolio, late loans accounted for 3% of the total, while it was 2.5% in June 2008. Bad credits grew at a larger pace than the entire credit portfolio, which grew 5% in the last 12 months, reaching $8.856 million.

Return of Goods Purchased on Credit Increases by 77%

March 2009

The Superintendent of Financial Institutions of Costa Rica reported that the repossession of property for unpaid debts rose 77% from February 2008 to February 2009.

The increase in auction advertising for goods recovered by the banks is well-known, especially for real estate and cars whose owners cannot continue to make the monthly payments due to loss of income, unemployment and primarily because of the increase in interest rates.

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