The impact of the 7,000 million less in the economy by the fall in oil prices would affect the financial sector. Authorities do not rule out a further increase in interest rates for consumer loans if the macroeconomic scenario does not change.
In late October the Board of Monetary Regulation fixed the rate for such loans at 17.3%, and it was published in the official register on November 13. That is, one percentage point higher.
The macroeconomic impact is also evident in the rising price of some financial services. Determining the amount is another attribution of the Regulatory Board. There are examples. The home delivery of bank statements was free until last month. It now costs $ 1.66.
The same happens with the home delivery of bounced checks. Its new cost is $ 2.49.
During his appearance before the Commission on Economic Conditions of the National Assembly, the Superintendent of Banks, Christian Cruz,said that the changes will not threating the banking sector. Moreover, he emphasized, the solvency of the system went from 13.29% in 2014 to 13.79% this year.
He thinks the banks are solid and well managed. Of course he acknowledged there is a decrease in deposits.