Costa Rica: Banco General Acquires Citi’s Loan Portfolio

As explained by Banco General, the transaction, the amount of which was not disclosed, includes a portfolio of more than 1,000 clients, while Citi explained that the sale meets its goal of refocusing its business to corporate and consumer customers.

With this purchase, Banco General now has more than 2,000 customers in Costa Rica, $200 million in assets and $45 million in equity.

Customers will keep the conditions and benefits they previously enjoyed, said the General.

Source: Nacion.com

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