The interest rates paid by banks y savings and credit cooperatives by fixed term deposits They register the highest level since 2008. The annual profit rose to 9.64%. A year ago it was at 8.8%.
For example, for a deposit of 5 000 dollars If it is not withdrawn for one year, a financial institution will pay $482 in interest. The accountant’s profit varies according to the time it takes to withdraw his money.
The increase in the interest rate has been progressive since September 2023.
Financial institutions received between January and April of this year 46,647 million dollars in deposits. Of these, USD 20,780 million correspond to fixed-term deposits. The bank hopes to capture some USD 624 million more this year with the new interest rates.
Just as banks are paying more for fixed-term deposits, they are also charging more for loans granted.
To productive creditsFor example, the interest rate was raised by 2.37%. Now they are granted with 11.4% interest, while last year it was 9.03%.
In consumer creditsone of the most requested in the national financial system, is also canceled a little more. The interest rate – already high – went from 16.18% to 16.27%.
These two types of loans cover 85% of the total portfolio.