Margins for Financial Intermediation in Costa RicaPrivate banks operate with margins between interest rates which are considerably lower than state banks.Thursday, May 2, 2013
An article in Elfinancierocr.com points out that "the five banks with the lowest margins in the country are private ones, as is clear from a study by EF based on data reported to the Superintendent of Financial Institutions (Sugef) for December, 2012 ". Private banks have a margin of financial intermediation of 6%, while for state banks it is 8%. Source: elfinancierocr.com ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: Financial Intermediation Margin DecreasesMarch 2017 The difference between interest rates and deposit rates in local currency went down from 13.5% in 2005 to 6.8% in 2016. Financial Intermediation Margin in Costa RicaApril 2016 The margin of financial intermediation in colones fell by 1.3% and stood at 7.1%, while a rate of 3.5% was recorded dollars. Exchange Spread Increases in Costa RicaFebruary 2014 The escalation and volatility of the dollar in recent days raised the spread over 3%. Costa Rica: High Financial Intermediation MarginsAugust 2010 The difference in the interest paid by banks on deposits and loans can be as much as 22%.
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