The following are the Interest Rates certified by the Superintendency of Banks in Colombia for the months of July, August, September, October and November 2000.
|
Type of Interest Rate |
Rate (*) July 2000 |
Rate (*) August 2000 |
Rate (*) September 2000 |
Rate (*) October 2000 |
Rate (*) November 2000 |
|
Ordinary Banking Rate |
19.44% |
19.92% |
21.23% |
23.03% |
23.80% |
|
Ordinary Credits Rate |
19.84% |
20.64% |
22.62% |
23.76% |
24.50% |
|
Delinquent Rate (**) |
29.16% |
29.88% |
33.93% |
34.62% |
35.70% |
|
Usury Rate (***) |
29.76% |
30.96% |
33.93% |
35.64% |
36.75% |
(*) Effective per year.
(**) Two times the Ordinary Banking Rate, but not to exceed 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.
