Credit collections increased by 15% during the first half of the year according to the Superintendencia General de Entidades Financieras (Sugef).
At the end of 2012, the SUGEF said that total judicial credit recovery by the country’s 15 commerical banks amounted to ¢156.6 billion colones. Six months later, at the end of June 2013, the amount had increased to ¢180.1 billion colones.
The amount represents less than 2% of total loans by banks.
In Costa Rica, there are four national or state banks: Banco Nacional (BN), Banco de Costa Rica (BCR), Banco Popular and Bancrédito (Banco Crédito Agrícola de Cartago).
The private banks include Scotiabank, Citi, BAC San José, Bansol, BCT, Cathay, Davivienda, General, Improsa, Lafise and Promerica.