Loan Payment Defaults Still RisingThere have now been seven consecutive months during which the default rate of borrowers from the Banco Nacional de Costa Rica has increased, having exceeded the normal limit of 3% over the past three months.Thursday, August 25, 2011
The increase in defaults is due mainly to problems with real estate projects in Puntarenas and Guanacaste, said Bernardo Alfaro, deputy general manager of the bank’s risk management office. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: Bank Arrears UpwardDecember 2019 In the last two years, 100,000 loans that were up to date became arrears, and bankers attribute this mainly to the increase in unemployment and the decline in economic activity. 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. Rate Hike Worries Banks in Costa RicaMay 2012 A passive base rate in excess of 12% would be problematic, affecting the behavior of borrowers and is likely to cause an increase in defaults. Costa Rica: Delinquency rate grows for bank creditsNovember 2008 Delinquency in credit portfolios for banks in Costa Rica, especially the state banks which control 70% of the market, has dramatically increased in the last few months.
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