The Bank of Costa Rica (BCR) announced a 60-basis-point reduction in its interest rates for small or medium-sized businesses and from 50 to 80 basis points for housing.
We are incorporating an attractive package for the different sectors, in support of the process of economic reactivation in the country, thanks to the recent measure promoted by the Central Bank of Costa Rica to reduce the minimum legal reserve,”
said Douglas Soto, general manager of the BCR
The adjustment in the minimum legal reserve will allocate funds close to ¢72,000 million in these programs. With this, the Bank of Costa Rica hopes to continue contributing to the economic development of the country.
The offer:
Housing
– 25% is reduced in the formalization commission, remaining at 1.50%. In addition, a nominal 0.10 reduction will be applied if the customer purchases the following products or services: automatic savings, credit card, OPC or automatic charges for payment of services.
-People who receive salary or pension deposit in BCR accounts, get an additional discount percentage.
SMEs
-For this segment, the formalization commission will have a 50% to 1% decrease. Less than 0.10 nominal when acquiring the following products or services: automatic savings, credit card, OPC or automatic charges for payment of services.
The BCR is the third bank that announces a decrease in its rates, after the BAC and Banco Nacional.