the bank Davivienda announced this Friday, March 10, a reduction in interest rates for purchases with credit cards. These went from 40 to 20 percent.
This week, Bancolombia, which is the largest bank in the country, was the first to announce a similar measure by lowering at 25 percent interest rates for 50 percent of your credit cards. The measure begins this Friday.
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It should be remembered that two weeks ago, President Gustavo Petro Orrego asked the banks to reduce interest rates with the aim of contributing to a greater dynamism of the country’s economy.
The newspaper Briefcase He reported that a government source revealed that after the president’s call, some financial entities will announce measures to alleviate the cost of their credit products.
He added that «two banks said that this is an issue that has been worked on for some time and in which the Ministry of Finance and the Presidency of the Republic have been involved.»
‘We seek solutions for customers’
The president of Davivienda, Javier Suárez, in dialogue with snail radio, He explained that he would decide to support his middle-income clients even if they have to sacrifice profits with interest rates.
In addition, he said that the idea is not to increase consumption, but to give relief to the people who need it most. “We believe that inflation is already reaching a ceiling and we can offer this relief,” Suárez said.
