Banco Nacional de Costa Rica
in Central America
Monday, May 14, 2012
A passive base rate in excess of 12% would be problematic, affecting the behavior of borrowers and is likely to cause an increase in defaults.
The Passive Base Rate (PBR) reached 10% on May 9, a level not seen since October 2009. The banks set their interest rate according to the PBR and charge an additional margin. It is estimated that there are 400,000 public bank transactions related to this indicator, reported Elfinancierocr.com.
Monday, May 7, 2012
While in 2011 Costa Rica’s economy grew by 4.1%, the assets of the banking system increased by 8%.
The financial system of Costa Rica made a giant leap in the second half of 2011, with assets of the 17 constituent entities increasing their growth rate from 2% in June to 8% at the end of the year.
Wednesday, April 25, 2012
The National Bank of Costa Rica has announced an agreement with PayPal so that their corporate clients can receive payments in their accounts from online sales.
The Banco Nacional (BN) and the online payment firm Pay Pal will announce today, Thursday April 26th, an alliance to facilitate online sales, customers can pay using an internationally recognized system and companies can receive money easily.
Tuesday, April 24, 2012
The government of Costa Rica is promoting a legal reform that would transfer the cost of financial supervision to banking institutions, insurance companies and pension operators.
The legal amendment was included in the Bill for the Efficient Management of Public Finances already sent to the Legislature.
Wednesday, April 11, 2012
Increased credit is available for mini, small and medium enterprises in the Banco Popular and Banco Nacional in Costa Rica, bringing the amount available to $740 million.
Banco Nacional now has ¢ 250,000 million ($493.66 million) for the productive sector, 50,000 million colones ($98.7 million) more than in 2011, said Victor Eduardo Acosta, director of the entity’s Development Bank.
Friday, March 30, 2012
Starting on Monday all companies enrolled in the National Registry of Costa Rica, must pay an annual tribute established by Law 9024.
The basis for calculating the new tax is 50% of a basic monthly salary, which is 180,300 colones ($357) in 2012, and 90,150 colones ($178.5) or half, for inactive companies for each year from January to December.
Because 2012 will not be a full tax year, the amount payable is 135,225 colones ($268) for active companies and 61,612 ($122) colones for inactive ones, according to Insidecostarica.com.
Tuesday, February 14, 2012
The Bank of Costa Rica is the new administrator of the National Trust for Development, having secured the tender created for that purpose.
The Governing Board of the Banking System for Development (SBD) awarded by unanimous vote the administration of National Development Trust (FINADE), to the Banco de Costa Rica (BCR), following a tender.
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.
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