2013 Shows Costa Rica Banks Ready for an Increase in Lending

The National Bank projects a credit growth of 12% which represents290,000 million colones. The strongest sectors are services for National, housing, commerce, industry and consumption.

Banco de Costa Rica (BCR) shows growth between 12% and 15%. The bank is looking to micro loans to small and medium sized business for this expectation.

Banco Popular is projecting good growth for loans to small and medium enterprises.

Loan products are very affordable and have fewer requirements. As well, the process is becoming easier, with proper documentation credit can give given in 45 minutes.

Consumer credit tends to decline in December and February it starts to increase again. This is because people have the money for the bonuses (December) and school salary and dividends solidarity associations.

The Costa Rica News
San Jose Costa Rica

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