NewsWhore
02-10-2009, 01:30 PM
The Banco de Progreso has followed the lead of other major banking and financial institutions by lowering its interest rates on new loans. As a result, new loans on mortgages from the bank are now available at 22%. Loans for small and medium-sized companies are at 24%. The car loan rate is now at 24% and personal loans have been reset to 34%. The Bank says the new rates seek to offer clients "the most competitive conditions in the marketplace." Local banks have been cutting their lending rates since the Central Bank set the trend.
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More... (http://www.dr1.com/index.html#8)