Mortgage and personal loans continue to determine a significant part of the 5% increase in domestic credit to the private sector, recorded between July 2017 and the same month in 2018.
More recent data from the Superintendence of Banks, up to the seventh month of the year the credit portfolio of the private sector reached $52,607 million, which is equivalent to an increase of 5.4% with respect to the $49,921 million reported up to July 2017.
The Effective Rate in Dollars increased from 2.40% to 2.43%, while the Basic Passive Rate continued for the second week at 5.8%.
The Central Bank of Costa Rica announced on Wednesday, October 10th that after the 0.10% decrease in the previous week, the Basic Passive Rate did not change and will be stable at 5.80% until next Wednesday, October 17th.
The basic passive rate is an average of the collection rates in Colones of the financial entities in terms of 150 to 210 days.
The Passive Base Rate went up from 5.75% to 5.9%, while the Effective Rate in Dollars rose from 2.23% to 2.32%.
The Central Bank of Costa Rica published on Wednesday, news that after recording a decline last week, the Passive Base Rate rose by 0.15%, and the level at which it will remain until next Wednesday, October 4 is 5.90 %.[GRAFICA caption = "Click to interact with graphs"]
In the eighth month of 2018, credit granted by Guatemalan banks to the private sector totaled $26,168 million, 5% more than was reported between January and August of 2017.
The latest figures from Banco de Guatemala show that credit to the private sector in the eighth month of 2018 grew by 4.8% with respect to the same month in 2017, rising from $24.970 million to $26.168 million.This increase was below the increase of 5.1% registered between August 2016 and 2017.
The Basic Passive Rate fell from 5.95% to 5.85%, while the Effective Rate in Dollars increased from 2.39% to 2.42%.
The Central Bank of Costa Rica published, on the afternoon of Wednesday, September 5, news that the Passive Base Rate fell, this week by 0.10% and the level at which it will remain until next Wednesday September 12 is 5.85%.
As of June of this year, banks in El Salvador granted $6,121 million in loans to companies, registering an increase of almost 6% compared to the first half of 2017.
Figures from the Superintendency of the Financial System (SSF) indicate that out of every $100 in credits approved in June by banks in El Salvador, $45 was used to finance companies.
The Effective Rate in Dollars increased from 2.35% to 2.40%, while the Passive Base Rate fell from 6% to 5.95%.
The Central Bank of Costa Rica published, on the afternoon of Wednesday, August 1, news that after a rise last week, the Passive Base Rate registered a reduction of 0.05% and will remain at 5.95% until Wednesday, August 8.[GRAFICA caption = "Click to interact with graphs"]
The Passive Base Rate went up from 5.85% to 6%, while the Effective Rate in Dollars rose from 2.25% to 2.35%.
The Central Bank of Costa Rica published news that after recording a decrease last week, the Passive Base Rate rose by 0.15%, and the level at which it will remain until next Wednesday, August 1 is 6%.[GRAFICA caption = "Click to interact with graphs"]
In order to try to stop the deceleration in the issue of loans in dollars, authorities in Costa Rica have decided to soften the rules required of banks who grant loans in this currency.
The National Council of Supervision of the Financial System (Conassif) has decided to temporarily reverse the stricter measures that banks must comply with when granting loans in foreign currency to those who generate income in Colones, with the aim of counteracting the deceleration that has been seen in the issue of bank loans.
The Basic Passive Rate has risen from 5.85% to 5.95%, while the Effective Rate in Dollars did not change and remains at 2.39%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, June 27, news that after the reduction reported last week the Passive Base Rate went up 0.10% and the level at which it will remain until next Wednesday, July 4 is 5.95 %.[GRAFICA caption = "Click to interact with graphs"]
The Basic Passive Rate fell from 5.95% to 5.85%, while the Effective Rate in Dollars increased from 2.31% to 2.39%.
The Central Bank of Costa Rica published, on the afternoon of Wednesday, June 20, news that thePassive Base Rate fell, this week by 0.10% and the level at which it will remain until next Wednesday June 27 is 5.85%.[GRAFICA caption = "Click to interact with graphs"]
The Effective Rate in Dollars increased from 2.30% to 2.40%, while the Passive Base Rate fell from 5.95 to 5.90%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, June 6, news that the Passive Base Rate registered a reduction for a second consecutive week, and will remain at 5.90% until next Wednesday, June 13.[GRAFICA caption = "Click to interact with graphs"]
The Passive Base Rate fell from 6% to 5.95%, while the Effective Rate in Dollars also fell, from 2.34% to 2.30%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, May 30, news that after registering an increase last week, the Passive Base Rate fell by 0.05%, and will remain at 5.95% until next Wednesday, June 6.[GRAFICA caption = "Click to interact with graphs"]
After four weeks on the rise, the Effective Rate in Dollars fell from 2.50% to 2.46%, while the Basic Passive Rate also fell, from 6.1% to 6%.
The Central Bank of Costa Rica published on the afternoon of Wednesday, May 9, news that for a second consecutive week, the Passive Base Rate has returned to the level reported four weeks ago, and will remain at 6% until next Wednesday, May 16. [GRAFICA caption = "Click to interact with graphs"]
For this year, growth in banking credit to the private sector is projected at between 6% and 9%, but the year-on-year increase registered up to March was only 4%.
Figures from Banco de Guatemala show that during the year 2017 credit to the private sector grew at a monthly average of 5.17%, and the lowest increases were reported in November and December when the amount increased compared to the same months of 2016 by 4.9% and 3.8% respectively.