Colombia's Superintendencia Financiera reported that the usury rate for March stands at 25.52% effective annual rate, up 0.29 percentage points from February's 25.23%. This increase mirrors market interest rate adjustments. Institutions like Coltefinanciera and Banco Unión have rates closest to the cap.
Colombia's Superintendencia Financiera (Superfinanciera) announced that the usury rate for March reaches 25.52% effective annual (E.A.), marking an increase of 0.29 percentage points from the 25.23% in effect during February. This measure, drawn from data up to February 20, 2026, aims to regulate interest rates in the financial sector.
Among credit institutions, Coltefinanciera, Banco Unión, and Lulo Bank show the effective annual rates closest to the usury threshold, at 25.19%, 25.19%, and 25.18%, respectively. They are followed by JFK Cooperativa Financiera at 24.88%, Banco Falabella at 24.7%, Confiar at 24.46%, and Financiera Juriscoop at 24.2%.
At the other end, Coopcentral, Banagrario, and AV Villas maintain rates farther from the limit, recording 18.37%, 20.48%, and 20.95%, respectively. Other institutions include Banco de Occidente at 21.73%, Banco GNB Sudameris at 22.42%, and Banco Davivienda at 22.68%.
David Cubides, chief economist at Banco de Occidente, provided context: "not only are we seeing a 100 basis point movement this time, but we continue to see more increases, and in response, the usury rate will react." He noted that this rise will make products like credit cards more expensive, aligning with the Central Bank's efforts to curb consumption and manage inflation. On GDP growth, Cubides projected a figure close to 3%, revised downward from earlier estimates above 3% due to rising inflation expectations.
