Banesco in Panama Updates Growth Policies

Increased controls on lending to sectors such as construction and a reduction in branch openings are some of the measures.

Thursday, March 26, 2009


©image: Banesco

Jorge Salas, Bank manager, informed Prensa.com: "There will be three new branches that the bank will open this year instead of five; tactics will change and the focus will be monitoring whom we lend to more closely, without excluding any segment in particular."

More on this topic

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A vehicle mounted with an ATM and with customer service facilities will enable clients to carry out any banking transaction.

The vehicle will use satellite technology to enable customers to carry out the transactions online.

"The cost of each unit is approximately $143k and will be used to deliver Banco de Costa Rica (BCR) services to customers attending large events as well as provide special services to the bank's client companies and institutions with particular needs, thereby widening its commercial offering," reports La Prensa Libre.

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Venezuelan bank Banesco is setting up a regional headquarters in Panama next year for an expansion project in Central America and the Caribbean.

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Banco Nacional de Costa Rica introduces “Cashback”

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The bank aims to improve the efficiency of its services and reduce lines in its branches by extending its payment network, among other measures.

In addition to using debit cards to pay for public and private services in various stores, including supermarkets, customers of BNCR now have the ability to withdraw cash (cashback) in those outlets.

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The banking institution will shift its focus from corporate clientele to retail banking.

Gilberto Serrano, Lafise manager, explained that in 2010 the bank will grant more loans for home and auto buying, as well as consumption. They plan to open more branches and hire experienced staff in this area.

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