Citibank
in Central America
Wednesday, January 18, 2012
There are plans to invest in improving their branches' infrastructure and in modernizing technology platforms throughout 2012.
The institution’s plans are to increase local operations by about 10%, the new CEO of Citi Financial Group, Juan Miró, said.
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.
Tuesday, July 19, 2011
Panamanian based Banco General has acquired the residential mortgage loan portfolio from Citibank Costa Rica.
As explained by Banco General, the transaction, the amount of which was not disclosed, includes a portfolio of more than 1,000 clients, while Citi explained that the sale meets its goal of refocusing its business to corporate and consumer customers.
Monday, November 8, 2010
In the past ten years, online transactions have grown at a rapid pace.
Banks surveyed by website Elsalvador.com confirms the trend.
El Banco Agrícola currently serves about 150 thousand customers with their online banking service.
In case of Citibank, Consumer Product director, José Eduardo Luna, noted that 30% of transactions performed by individuals are done through online banking.
Tuesday, October 19, 2010
Payments for credit card and services as well as foreign exchange lead user preferences.
Since the service began, growth has been constant; currently more than 130,000 daily operations are performed.
"According to Carlos Melegatti, deputy manager of the Central Bank of Costa Rica, transfers of funds to third parties will soon reach five million annually," reported Nacion.com.
Monday, August 23, 2010
The difference in the interest paid by banks on deposits and loans can be as much as 22%.
Intermediation margins are a measure how a financial sector performs its mediation role and is one indicator of efficiency. Though there are various ways to calculate the figure, Costa Rica's margin is higher than in other economies.
Friday, June 18, 2010
Citi has developed a $100 million credit facility for the airline; it will be used for working capital and for strengthening the company’s expansion plan.
Francisco Núñez, director of Corporate Banking at Citi El Salvador, remarked that TACA’s future credit card sales will serve as collateral for the loan.
Wednesday, June 9, 2010
MoneyGram International and Citi today announced an agreement to expand MoneyGram's money transfer services to all Citi locations in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.
"This important agreement extends MoneyGram's presence in Citi's network across Central America," said Dan O'Malley, MoneyGram International executive vice president for the Americas.
Tuesday, January 19, 2010
In 2009, banks in the country had net earnings of $190,32 million, 34% less than in 2008.
Data from banking superintendent SUGEF shows that state-owned banks fared worse than privately-owned ones. The first suffered from a 37% reduction in earnings, while the latter 28%.
Friday, December 11, 2009
A MEIC study found that credit card issuers charge interest rates between 20% and 54%.
There are 27 issuers in the country, whom collectively offer 407 different products, according to the study by the Economy, Industry and Commerce Ministry (MEIC).
Tuesday, September 29, 2009
Through CitiFx Pulse, Citi's corporate clients will be able to engage in real-time currency transactions via Internet.
Juan Guier, Citi Costa Rica's treasurer, informed that "With Citi Fx Pulse, the customer can take care of all its currency needs in a single screen".
Wednesday, September 23, 2009
Through CitiFx Pulse, Citi's corporate clients will be able to engage in real-time currency transactions via Internet.
The tools includes analysis tools, such as charts, reports and documents written by Citi's analysts, in order to assist the investor.
"With this system, the customer can trade national and foreign currencies. CitiFx Pulse takes care of all the customer's currency needs in a single screen. Additionally, it can be expanded to process investment operations", explained Eduardo Oviedo, corporate treasurer at Citi Guatemala.
Thursday, August 27, 2009
From August 31 onwards the entity will no longer provide stock brokerage services.
“The stock broker was named 'Citi Valores Accival'. This brokerage began operations in 1988 under the name 'BFA Valores'. On March 6, 2000, it changed its name to 'Valores Cuscatlán Puesto de Bolsa', and in 2008, Citivalores and Cuscatán merged, becoming 'Citi Valores Accival'”, reports Nacion.com.
Wednesday, July 15, 2009
SkyMiles is the world's largest frequent flyer program.
Travelers choosing this card will obtain double miles for all their purchases, with a welcome credit of 4.000 to 20.000 miles, depending on the type of card.
"Members of this program have the flexibility of using their Delta miles in any flight, on any day", published Elfinancierocr.com, "this promotion will be valid from August 1 to October 31".
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