Base Lending Rate Goes Up to 7% Again
Wednesday, July 23, 2014
Having fallen to 6.95% for only one week, the benchmark for interest rates for credit and investment has returned to settle at 7%.
At least until Wednesday July 30 the base rate, an...
Bank Deposits Up 17% in Nicaragua
Tuesday, July 22, 2014
In a year savings in the banking system both in local and foreign currency increased from $3.5 billion to $4.2 billion.
The economic dynamism has increased the savings capacity...
Intevention in ES Bank in Panama
Friday, July 18, 2014
The Superintendency of Banks in Panama has taken over administrative and operational control of the bank due to its potential illiquidity and insolvency.
From a statement issued by the Superintendency of Banks...
Costa Rica: Passive Base Rate Drops to 6.55%
Thursday, July 17, 2014
The reference rate for investments and loans in the country dropped from 7% to 6.95% and will be located at that level until at least July 23.
The basic interest rate has gone down again to 6.95%, a...
Panama and the Gray Lists
Wednesday, July 16, 2014
Many and varied are the interests which on one hand keep Panama on unwanted lists and on the other try to clean up the country's image as a tax haven.
Strengthening regulatory standards of bodies such as...
Costa Rica: Higher interest rates in colones expected
Friday, July 11, 2014
The banking sector indicates that the current shortage of local currency could generate more upward pressure on interest rates in the short term.
From a statement by the Costa Rican Banking Association...
Base Lending Rate Rises to 7%
Wednesday, July 9, 2014
After four weeks at 6.95%, the rate used as a reference for investments and loans will stand at least 7% until July 16th.
The Central Bank of Costa Rica reported that the passive...
Costa Rica: Passive Base Rate Stays at 6.95%
Wednesday, July 2, 2014
For the fourth consecutive week the benchmark rate for loans and investments in the country will be located at least 6.95% until July 9.
The passive base rate, an indicator of the average...