ARTICLE
8 December 2000

Interest Rates

Colombia

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.

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