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bancredito

Put it Under the Mattress – Or Spend it!

Q BLOGS – It is really hard not to join the global news outlets and write something about the Trump Administration if there is such a thing. But Q Costa Rica focuses on local issues. Damn, I want to get in on the D.C. drama! We have a major issue here in Pura Vida and […]

State Bank Faced With Declining Revenues and Rise In Bad Debts Calls For Government Aid

State Bank Faced With Declining Revenues and Rise In Bad Debts Calls For Government Aid

(QCOSTARICA) Facing financial problems, the Costa Rica state bank, the Banco Crédito Agrícola de Cartago (Bancrédito) has put forth a plan that includes a call for the transfer of state businesses, the administration fo the PYMES and Conape funds and a cash injection of ¢6 billion colones. The state bank also calls for a creation […]

Credit Card Slow Down Though Business Continues To Be Profitable

Credit Card Slow Down Though Business Continues To Be Profitable

(QCOSTARICA) The credit card portfolio in the banking sector weakened in the last two years. In April 2013, credit cards grew at a rate of 24%, as compared to only 10.7% in April of this year. The slowdown in economic activity and greater awareness in the use of debt are some of the reasons behind […]