Banesco
in Central America
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, November 16, 2010
Credit needs for the entrepreneurial sector in the country reached $ 245 million.
The figure comes from the study "Proposal of policy, strategy and action plan for implementation of micro-finance services in Panama", created by the Ministry of Economy and Finance, the Micro, Small and Medium Enterprises (Ampyme) and the United Nations Development Program (UNDP).
Tuesday, September 21, 2010
Banesco was authorized by the Panamanian Banking Superintendence to open a branch in Dominican Republic.
From yesterday’s official government newspaper:
“BANESCO is authorized to open a branch in Dominican Republic.
This authorization has no relation with Banesco’s compliance with any rules and regulations in place in Dominican Republic, which the company will have to comply with”.
Friday, April 16, 2010
El Salvador received nautical charts covering the port and its surroundings, which will be certified by the National Registry.
These charts were supplied by the National Geospatial Intelligence Agency of the United States. Once they are certified by the Registry they will be distributed internationally.
Thursday, March 26, 2009
The Mexican Zeta Gas Company, an importer and exporter of LPG (Liquefied Petroleum Gas), will invest about $6 million in the operation.
Fredis Cerrato, Honduran Industry and Trade Secretary, reported to latribuna.hn that the company will operate throughout the country and that "it will start with a fleet of 100 trucks, creating 250 direct and 1,500 indirect jobs."
Thursday, March 26, 2009
The Mexican satellite television company began operations and will invest $450 thousand in advertising.
Marco Rojas, director of marketing for Sky, spoke to El Diario de Hoy and indicated that they already have 100 subscribers and expect to reach 5,000 or even 7,000 by the end of 2009 through an aggressive expansion plan.
Thursday, March 26, 2009
Increased controls on lending to sectors such as construction and a reduction in branch openings are some of the measures.
Jorge Salas, Bank manager, informed Prensa.com: "There will be three new branches that the bank will open this year instead of five; tactics will change and the focus will be monitoring whom we lend to more closely, without excluding any segment in particular."
Tuesday, September 16, 2008
The bank is planning to start operations in Costa Rica and the Dominican Republic in the first quarter of 2009.
According to Alberto De Armas, executive president of the Venezuelan bank, they would offer banking services in both countries to meet the needs of consumers in those markets.
Wednesday, June 11, 2008
President Manuel Zelaya has announced that Honduras' fifth international airport, at Palmerola, will start operations on August 2, when the United States will close down its military operations there.
The president said that in two weeks he will sign an agreement with the United States based on an agreement dating back to May 1957, that established the military support that Washington has provided for 51 years.
Thursday, May 22, 2008
Venezuelan bank Banesco is setting up a regional headquarters in Panama next year for an expansion project in Central America and the Caribbean.
Costa Rica, Guatemala and the Dominican Republic are the first countries that Banesco executives have set their sights on. Ricardo Ayala, chairman of the bank's board, emphasized that Banesco would finance the expansion from its own resources.
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