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.
"The last company to get this status was the financial entity Acobo which after the change of license in 2010 began operating under the name Banco de las Soluciones (Bansol).
Currently, the commercial banking sector is composed of three state agencies, one bank created by special law and 12 private banks, among which there are several based on foreign capital and others on Costa Rican capital", reported Nacion.com.
Source: Nacion.com
More on this topic
October 2010
Financiera Acobo is to obtain a banking license and become Banco de las Soluciones (Bansol).
The authorization was granted by the National Financial System Supervision (CONASSIF), making Bansol the tenth commercial bank operating in Costa Rica.
Alberto Dent, president of CONASSIF, told Elfinanacierocr.com, "...now we just need for the Superintendent of Financial Institutions (Sugef) to issue a certificate to the effect that the new entity meets all requirements and regulations (including minimum capital) so they can begin to operate as a bank."
July 2009
In late 2010 Financiera Desyfin will begin its expansion plan, opening branches in new countries every three months.
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.
November 2010
On the first of November Bansol became the 17th bank in the country.
The new bank will operate almost 100% electronically.
Few branches, small and without ATMs, were the words of its CEO Carlos Fernandez.
"The accounts opened will be linked automatically to the Integrated Electronic Payment System (IPNS) in order to facilitate the process of transferring to any destination within the domestic financial system," writes Elfinancierocr.com.
October 2011
The Venezuelan bank’s participation in the Costa Rican market will be marked by flexibility and adaptability to local characteristics.
Representatives from local banks, in the face of entry of a new competitor, agreed that this will stimulate the segment of medium-sized banks.
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