Displaying items by tag: financial institution

Monday, 09 October 2023 01:57

What is the difference between credit and loan?

A credit is an amount of money that we can request from a trusted financial institution without having to set an amount or repayment terms. The bank does not lend the money, but rather a method of payment, such as a credit card or a line of credit.

Published in Economy
Thursday, 24 August 2023 17:35

Credit risk: What is it and how is it measured?

At the time of granting a loan, every financial institution performs a risk study to see how feasible it is to carry out the operation and not lose the money that will be delivered. The results obtained from the analysis are called "credit risk" which is the probability of non-payment by an entity or debtor.

Published in Finances
Monday, 30 January 2023 15:17

What do you look for when choosing a bank?

When you go to hire a banking service, you usually go to the usual financial institution, without considering other options. The recommendation is to compare several options before choosing a bank.

Published in Finances

With the objective of continuing to provide the best financial solutions to its customers, Banco Promerica announces the beginning of its campaign “Gana 1 de 10 borra saldos al trasladar tu saldo”.

Published in Business