José Elías Del Hierro-Hoyos of Parra, Rodríguez & Cavelier Abogados. informs going rates of interest for the month of October, 1999.
The following are the Interest Rates certified by the Superintendency of Banks in Colombia for the month of October, 1.999.
|
TYPE OF INTEREST RATE |
RATE February, 1999 |
RATE March, 1999 |
RATE April, 1999 |
RATE May, 1999 |
|
Ordinary Banking Rate |
42.39%(*) |
39.76% |
40.99% |
33.57% |
|
Ordinary Credits Rate |
44.46%(*) |
36.81% |
44.32% |
34.42% |
|
Delinquent Rate (**) |
66.69% (*) |
55.22% |
66.48% |
51.63% |
|
Usury Rate (***) |
66.69% (*) |
55.22% |
66.48% |
51.63% |
|
TYPE OF INTEREST RATE |
RATE June, 1999 |
RATE July, 1999 |
RATE August, 1999 |
RATE September, 1999 |
|
Ordinary Banking Rate |
27.46% |
24.22% |
26.25% |
26.01% |
|
Ordinary Credits Rate |
28.36% |
25.71% |
27.58% |
26.46% |
|
Delinquent Rate (**) |
42.54% |
38.56% |
41.37% |
39.69% |
|
Usury Rate (***) |
42.54% |
38.56% |
41.37% |
39.69% |
|
TYPE OF INTEREST RATE |
RATE October, 1999 |
RATE November, 1999 |
RATE December, 1999 |
RATE January, 2000 |
|
|
Ordinary Banking Rate |
26.96% |
|
|
|
|
|
Ordinary Credits Rate |
25.81% |
|
|
|
|
|
Delinquent Rate (**) |
38.71% |
|
|
|
|
|
Usury Rate (***) |
38.71% |
|
|
|
(*) Effective per year.
(**) Two times the Ordinary Banking Rate, but not to exceed the Usury Rate. In this case, the Delinquent Rate shall be equal to the Usury Rate.
(***) Equal to one and a half times the Ordinary Credit Rate
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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