Tag: loans in dollars
Loans in dollars loses attractiveness for those who earn in colones
QCOSTARICA - Loans in dollars, which had a great boom in 2000, began to slow down since 2016 and today, despite the fact that rates are still lower than in colones, it is no longer so attractive for those who do not have income...
Central Bank lowers the minimum legal reserve to stimulate economy
The Banco Central de Costa Rica (BCCR) - Central Bank - announced on Monday a reduction in the legal minimum reserve for banks in order to stimulate the loans in colones in the country.
The decision will reduce from 15% to 12% the percentage that...
Banco Nacional and BCR lower rates and facilitate moving loans from dollars to colones
State banks, the Banco Nacional (BN) and Banco de Costa Rica (BCR), in a press conference on Friday, October 19, announced they are implementing measures to help people who are having problems paying their loans due to the difficult economic situation the country is...
