Costa Rica: High Financial Intermediation MarginsThe difference in the interest paid by banks on deposits and loans can be as much as 22%.Monday, August 23, 2010 ![]() Intermediation margins are a measure how a financial sector performs its mediation role and is one indicator of efficiency. Though there are various ways to calculate the figure, Costa Rica's margin is higher than in other economies. Source: elfinancierocr.com Costa Rican State Banking Profits DecreaseApril 2009 In the first quarter of 2009 state bank profits fell by 25% when compared to the same period in 2008. Costa Rica: Moderate Expansion of Bank Branches in 2012January 2012 Only the Banco Popular plans to open ten new offices, the rest have plans from only one or two openings. Costa Rica has $320 Million for Development FrozenMarch 2009 The money is intended for loans to small and medium sized businesses at preferential rates, but Bancrédito, the state bank which manages it, alleges legal flaws that prevent it from granting them. Costa Rica development loans to have subsidized ratesJune 2008 Costa Rica's development bank program, which is to get underway in January, will provide loans at subsidized interest rates. |
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