Banco Nacional de Costa Rica Bank of Costa Rica Banking Banco de Crédito Agrícola de Cartago Banks Capitalization Central Banking Banco Popular y de Desarrollo Comunal Costa Rica Banco de Costa Rica Central Bank of Costa Rica Oscar Arias State bank State banks Superintendent of Financial Institutions (Costa Rica) William Hayden

Credit available at Costa Rican state banks

After being capitalized, the three state banks - Bank of Costa Rica, The National Bank and Bancredito - reactivated all their lines of credit.

Thursday, January 15, 2009

©image: sunshinecity

Nacion.com reports: "The Bank of Costa Rica has issued some $14 million (¢8 billion colones) since December 23.

At Bancredito, Arnoldo Trejos, Commercial sub manager, reported that they are currently formalizing the requests that were accumulated during the last few months of 2008.

William Hayden, general manager of the National Bank, said that, after capitalization, they have made some $8 million available for credit."

Source: Nacion.com

Key entities

Banco de Costa Rica Banco Nacional de Costa Rica Banco de Crédito Agrícola de Cartago William Hayden Luis Carlos Delgado Arnoldo Trejos

Countries

Costa Rica

Insight

line of credit Banks Capitalization Central Banking

$17.5 million for Costa Rica's Bancredito

November 2008

The government will transfer $17.5 million to Agricultural Credit Bank of Cartago (Bancredito) as part of a plan to provide capital for State banks.

The total transfer will be $117.5 million to the three State banks. The Government had already announced $50 million in capital for the National Bank and the Bank of Costa Rica

Costa Rican banks join forces to boost client services

May 2008

Costa Rica's Banco Nacional and Banco de Costa Rica have unified their computer networks to improve client services.

The banks' two million clients generate transactions of about 10 billion colons (some US$20 million) a month. Now cash and checks deposited at either institution will be instantly reflected in accounts of the other, with having to wait for clearance.

Bancredito teams up with BBVA for micro credit in Costa Rica

October 2008

Bancredito signed a deal with the BBVA Foundation to offer microcredit in Costa Rica

The agreement will allow Bancredit to take advantage of the BBVA Foundation's experience in the development and implemenation of financial products and services for small companies.

The Microfinance fundation, BBVA, is an entity created by the BBVA Group in accordance with its strategy of corperate responsibility.

New Bancrédito Agencies in Costa Rica

July 2009

Aiming to offer more services to SMEs, "Banco de Crédito Agrícola de Cartago" will open 4 new agencies in rural areas.

On July 29th, they will open an agency in Guápiles, Pococí, on August 5th in Pérez Zeledón, on August 12th in Liberia, Guanacaste, and finally, an agency will open in Ciudad Quesada in November.

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