Measures to Reduce the Risk of Credit DefaultWith the aim of making the classification of debtors more flexible and reducing the risk of non-payment, in a context where delinquent loans keep on rising, Costa Rica authorized the modification of two regulations that apply to entities in the financial system.Friday, June 14, 2019
The General Superintendence of Financial Entities (Sugef) and the National Council of Supervision of the Financial System (Conassif), informed that changes were made to the "Regulation for the qualification of debtors" and the "Regulation on management and evaluation of credit risk for the development banking system", which ultimately aim to give access to new credits to about 63 thousand people. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need information about the financial sector?Request more information: Need assistance? Contact us
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Bank Default Falls at the End of 2018March 2019 Between May and September 2018, an increase was reported in the proportion of loans with payment arrears greater than 90 days, but between October and December the trend was downwards. 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. Guatemala: Changes to Law on BanksMarch 2018 If the reforms to the Banking Law that are being discussed in the Congress are approved, cooperatives will have to start reporting information in their loan portfolios. Changes in Banking Regulations in Costa RicaFebruary 2014 Tighter analysis of customers and better control of risk in lending are part of the changes that are being prepared by the financial regulator.
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