NewsWhore
04-05-2011, 04:30 PM
The Superintendent of Banks, Haivanjoe NG Cortinas, has published online the interest rate, the renewal charges, the interest charged for late payments, the commissions charged for overdrafts and cash advances, and replacement that financial institutions and companies issue for their clients.
The comparative report shows that in the standard category, the most expensive bank cards in regards to annual bank interest rate on credit are those of Banco Leon (104.4%), Promerica (100.8%), Popular (90%), BanReservas (84%), BHD (84%), Progreso (84%) and Scotiabank (82.2%). Lesser known banks charge less. The better rates on credit cards are those issued for company brands.
Ng Cortinas says the publication on the Internet is part of the Superintendent's institutional strengthening program in this Year of Transparency as proclaimed by President Fernandez.
The information is intended to help bank customers to pick and choose their credit cards with more knowledge. The Superintendence says the information will be updated on a weekly basis.
The comparative report, nevertheless, does not include all the credit cards. For instance, in many cases the premium credit cards for several banks are not listed.
The ProConsumer Department had been lobbying for banks to be transparent so that consumers could decide which credit to use. The banks traditionally have referred to the monthly interest rate in their promotions.
www.sb.gob.do/pdf/tasas-y-comisiones-de-tarjetas-de-credito.pdf (http://www.sb.gob.do/pdf/tasas-y-comisiones-de-tarjetas-de-credito.pdf)
More... (http://www.dr1.com/index.html#1)
The comparative report shows that in the standard category, the most expensive bank cards in regards to annual bank interest rate on credit are those of Banco Leon (104.4%), Promerica (100.8%), Popular (90%), BanReservas (84%), BHD (84%), Progreso (84%) and Scotiabank (82.2%). Lesser known banks charge less. The better rates on credit cards are those issued for company brands.
Ng Cortinas says the publication on the Internet is part of the Superintendent's institutional strengthening program in this Year of Transparency as proclaimed by President Fernandez.
The information is intended to help bank customers to pick and choose their credit cards with more knowledge. The Superintendence says the information will be updated on a weekly basis.
The comparative report, nevertheless, does not include all the credit cards. For instance, in many cases the premium credit cards for several banks are not listed.
The ProConsumer Department had been lobbying for banks to be transparent so that consumers could decide which credit to use. The banks traditionally have referred to the monthly interest rate in their promotions.
www.sb.gob.do/pdf/tasas-y-comisiones-de-tarjetas-de-credito.pdf (http://www.sb.gob.do/pdf/tasas-y-comisiones-de-tarjetas-de-credito.pdf)
More... (http://www.dr1.com/index.html#1)