$17.5 million for Costa Rica's Bancredito
The government will transfer $17.5 million to Agricultural Credit Bank of Cartago (Bancredito) as part of a plan to provide capital for State banks.
Wednesday, November 12, 2008
After being capitalized, the three state banks - Bank of Costa Rica, The National Bank and Bancredito - reactivated all their lines of credit.
The decision by Government to inject capital into State owned banks, Banco Costa Rica and Banco Nacional should be ready by mid next week.
Grupo Mundial will enlarge the capital base of bank "Banco Banvivienda" for the second time in 2009.
The funds will be used to deal with the possible lack of liquidity next year due to the international financial crisis.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar