A press release from the Inter American Investment Corporation (CII in Spanish) reads:
Loan funds will be used by the CII to strengthen the bank's assets and to improve financing of Costa Rican SME’s, with loans of up to $500,000.
In 1948 the Foundation Board of the Second Republic decreed the nationalization of banks, so the Bank joined it. On that date it was defined as an autonomous institution in accordance with Articles 188 and 189 of the Constitution of the Republic of Costa Rica, State banks are autonomous institutions under public law with their own legal personality and independence in administration.
Since its inception, the BCR has delved into activities with a clear competitive advantage, which has allowed us to develop products and services par excellence, and generate sufficient returns to maintain strength, reaffirm reliability and contribute to the sustainable development of the country.
In recent years, the Bank has been concerned about modernizing and innovating its services and caring for the public who are seeking greater flexibility and comfort through the use and application of modern technology.
Source: Inter-American Investment Corporation
More on this topic
January 2009
The purpose of the funds is to strengthen liquidity and credit worthiness indicators with investors in mind.
Prenslibre.com reports on its site that "this injection of capital, however, will be considered as a part of the growth strategy for the credit portfolio for the year.
July 2008
The Central Bank of Honduras has increased the minimum amount of capital required for insurers and re-insurers by amounts ranging from 262,881 dollars to 788,643.
The demand for capital is independent of the request for higher reserves for insurers.
Under the rules, the monetary authority reviews capital requirements every two years. The amount is based on economic growth of the nation, which was 6.3 percent in 2007.
January 2009
The National Council for the Supervision of the Financial System (Conassif) approved the increase in capital, from $80 million to $122 million.
According to nacion.com "The increase, a cash injection of $42 million, represents a considerable strengthening of the equity and indicators at the Bank, in addition to an important safeguard for clients as well as for investors," the entity reported."
November 2011
The multinational computer services company from Costa Rica has received capital investment from Aureos Capital Ltd., Capital Creation and E3 Capital.
A press release ITS InfoCom reads:
ITS InfoCom receives $20 million in investment
• The Funds will be used to boost the multinational infocommunication company
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