Investments and Business

A new advance, of close to one percentage point, records the usury rate for March, standing at 46.26 effective annual percent, as has just been certified by the Financial Supervision, thus resulting in the cost of consumer and ordinary credits. The current rate, 45.27 percent effective per year, will be in effect until Tuesday of the following week.(Also read: New consumer loans have 'cost' banks $1.1 trillion more) For its part, the Current Bank Interest for these same types of loans stands at 30.84 percent, an increase of 66 basis points. With these new limits, new loans, especially consumer loans,…

Less than a week ago, the Ministry of Housing, City and Territory, through the minister of the portfolio, Catalina Velasco, announced the changes that the housing program will have that has had the most relevance in recent years: Mi Casa Ya. According to what Portafolio knew, the draft decree is ready, which stipulates what amounts each family will be able to access due to their score in the Sisbén and changes in the requirements for their application.Read: Despite less appetite for home buying, prices continue to rise The first article, which promises to modify article 2.1.1.4.1.2.1. of Decree 1077 of…

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This morning a letter was released that the mayor of Medellín, Daniel Quintero, sent to President Gustavo Petro asking him to give his authorization to Freeze the utility rate provided by EPM in different departments of the country.This request arises from the decree that allowed the president to resume the functions of a general nature delegated to the Commission for the Regulation of Drinking Water and Basic Sanitation (CRA) and to the Energy and Gas Regulation Commission (Creg).(Also read: Daniel Quintero requests to freeze the public service rate provided by EPM) According to Quintero, this measure would be a respite…