Banco Nacional de Costa Rica
in Central America
Tuesday, January 31, 2012
The increased demand for bank credit from consumers and businesses plus the financing needs of the government, is putting pressure on the capital market and interest rates.
The competition for liquidity can be seen in the activity of the National Stock Exchange, where the amounts being released on the exchange are increasing because of the concurrence of the state banks - Banco de Costa Rica, Nacional and Popular, and of private banks like Scotiabank, and by other entities such as Grupo Mutual y la Compañía de Fuerza y Luz.
Wednesday, January 25, 2012
The approval of a trust agreement with Banco de Costa Rica will allow the Legislature to advance construction of its new facilities.
The referendum on the trust by the Controller General of the Republic has enabled construction of a new home for the Legislative Assembly and the restoration of existing buildings.
Friday, January 13, 2012
The four state-owned banks intend to lend $682 million in housing in 2012, 20% less than last year.
Publicly owned banks (National, Costa Rica, Bancrédito and Popular) have set a goal of granting ¢351,000 million ($682 million) in housing loans during the course of 2012, reported Nacion.com.
Tuesday, January 10, 2012
Only the Banco Popular plans to open ten new offices, the rest have plans from only one or two openings.
For the banks Nacional BCR, BCT, Lafise and others, it will be a year of moderate growth and their plans will be to participate in new developments or strategic communities.
Thursday, December 22, 2011
The National Bank has put out to tender the purchase, installation and configuration of communications equipment for a data center network.
According to the tender specifications:
The National Bank of Costa Rica requires contracts for the purchase, installation and configuration of communications equipment for the Data Center Network, which provides all the institutional network services required by its staff.
Monday, December 19, 2011
The Banco de Costa Rica (BCR) has requested a $30 million loan to strengthen its capital and to provide financing to SMEs.
A press release from the Inter American Investment Corporation (CII in Spanish) reads:
Friday, October 7, 2011
Banco Nacional de Costa Rica is putting out to tender the construction of a building for the Liberian branch and site for the regional management of Guanacaste Puntarenas.
The specifications state:
Wednesday, October 5, 2011
A project to unify their technology platforms has proved unsuccessful, a fact that limits the possibilities of integrating their services.
Apart from the failure of the macro project, some synergies have been achieved. Between the National Bank and Bank of Costa Rica (BCR) there is an agreement that clients can change checks and make deposits and both share the use of ATMs.
Monday, October 3, 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.
Strengths of the new institution are reported to be their knowledge of the Latin American market and experience in micro and small enterprises.
Tuesday, September 27, 2011
Only three of the 70 properties offered were sold in the first digital auction organized by the Costa Rican Chamber of Real Estate.
The properties include lots, houses, condos, apartments and unfinished developments which form part of Banco Nacional de Costa Rica’s assets, repossessed from customers who defaulted on their loans.
Friday, September 23, 2011
Some entities said they would be willing to declare their individual data if the Sugef removes the restriction.
Since the weekly newspaper El Financiero filed a lawsuit pushing for banks to publish their capital adequacy indicators, the issue has been debated by the General Superintendency of Financial Institutions (Sugef) and the banking market.
Monday, September 12, 2011
Between September 13 and 21, Banco Nacional will auction 70 properties on the Internet.
The platform for electronic auction - www.subasta-cccbr.com was presented by the Costa Rican Chamber of Real Estate and Banco Nacional.
Monday, September 12, 2011
Costa Rica's government has launched the use of digital signatures, but warns that the growth of its use will depend on its incorporation by the private sector.
The digital signature binds the identity of a person or team with a message or electronic document, to ensure authorship and integrity. The recognition of digital signatures provides security for electronic transactions, promoting e-commerce.
Friday, September 9, 2011
Greater knowledge of these financial tools is driving their use in the country.
Equity and Guarantee Trust funds are the most popular of these types of instruments in Costa Rica, where more and more companies and individuals are choosing to manage their properties using this alternative.
Thursday, September 1, 2011
The price of the dollar against the Colon has again started to fluctuate, after having spent several weeks at a relatively stagnant level.
In the last two weeks there has been a slight rise, of about six colones, at the banks exchange desks.
However, this rise has not appeared the way it normally does, ie first in the Monex wholesale market, where trading banks and financial institutions do business, and then in the exchange rate offered to the end consumer at exchange desks.
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