Tuesday, 20 October 2020
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Banks Repossess More Vehicles As Consumers Stop Paying

The sale of vehicles has slowed down and, as expected, also the credits for their purchase. At the same time, those who already have financing show delays in monthly payments or have stopped paying altogether. The foregoing has led financial institutions (banks mainly) to resort...

Regulator Proposes Limitations on Bank Loans

Q COSTA RICA - The General Superintendency of Financial Institutions (SUGEF) is proposing banks have additional capital requirements to discourage consumer and vehicle loans, and mortgages with excessive repayment terms. Over the years, financial institutions in Costa Rica have been setting longer terms on loans...

Expomóvil 2015 Kicks Off With Record Number of Credit Applications

QCOSTARICA - Thousands left pessimism at the door of the Expomovil 2015, as more than 6.000 people in the first two days wandered around the venue with high expectation of buying a new car. According to Banco de Costa Ria (BCR), in the first 48...

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