Costa Rican Financial Company to go Regional

In late 2010 Financiera Desyfin will begin its expansion plan, opening branches in new countries every three months.

Wednesday, July 15, 2009


©image: Financiera Desyfin

Focused in SMEs, the company has factoring as one of its services. Its first branch outside Costa Rica will be either in El Salvador or Guatemala, and from there they will expand to the rest of the Central American countries.

"Today we are in the midst of a regionalization, fueled by free trade agreements" commented Silvio Lacayo, Desyfin´s CEO, in a Nacion.com article, " We have the U.S. as a common main trade partner. Aditionally, companies like Wal-Mart or Grupo Monge have suppliers here and in the rest of the region, creating synergies and making it easier for our business to grow beyond Costa Rica"

More on this topic

Desyfin Applies for Banking License in Costa Rica

January 2012

The financing company is registering with the regulating authority the creation of a financial group made up by the financing company, an insurance seller and a leasing company.

Silvio Lacayo, Desyfin manager, said the proceedings were initiated in 2011 with the Superintendent of Financial Institutions and they are awaiting final approval by the agency.

Costa Rica's Dos Pinos aims to expand in Guatemala

July 2008

Costa Rica's top maker of dairy products, the Dos Pinos Cooperative, aims to expand its presence in Guatemala.

Dos Pinos already has US$12.5 million of investment in Guatemala, where it sells 80,000 liters of milk a day, but it aims to boost its presence by reaching accords with local companies, said Dos Pinos manager Jorge Pattoni.

G&T Continental Expands to Costa Rica and Panama

March 2009

In short, Financia in Costa Rica and Banco Financia (BMF) in Panama will begin to use the Guatemalan financial company’s brand.

Both companies were already part of the G&T Continental Financial Group which is now completing the formalities to change the name with the respective supervisory authorities in Costa Rica and Panama.

Rapid Growth of Factoring in Costa Rica

April 2011

The 18 companies that make up the country's Factoring Chamber now manage a $177 million portfolio, double the level recorded in 2009.

The largest growth is in the small and medium-sized enterprise (SME) sector, which has increased its supply of services to Costa Rica's government and transnational companies.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:


Find distributors in Central America

Reach qualified distributors for your products, from Guatemala to Panama.
Our distributor search service puts you in direct...

Stock Indexes

(Apr 18)
Dow Jones
0.64%
S&P 500
1.76%
Nasdaq
2.70%

Commodities

(May 23)
Brent Crude Oil
107.03
Coffee "C"
176.5
Gold
1,559
Silver
27.69