$69 million for HSBC Costa Rica

The purpose of the funds is to strengthen liquidity and credit worthiness indicators with investors in mind.

Monday, January 12, 2009

Prenslibre.com reports on its site that "this injection of capital, however, will be considered as a part of the growth strategy for the credit portfolio for the year.

HSBC indicated to the local media that its capital in Costa Rica is now at $104 million with these funds.

More on this topic

HSBC to Stay in Panama

March 2012

The bank will continue its banking and insurance business in Panama as part of its strategy in Latin America to focus on high potential markets.

Panama is one of the four strongest countries in Latin America for HSBC, said Yoselyn Garcia, Head of Marketing HSBC Bank to Panamaamerica.com.pa.

Banco de Costa Rica Requests $30 million from CII

December 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:

Loan funds will be used by the CII to strengthen the bank's assets and to improve financing of Costa Rican SME’s, with loans of up to $500,000.

ITS InfoCom Funded with $20 million

November 2011

The multinational computer services company from Costa Rica has received capital investment from Aureos Capital Ltd., Capital Creation and E3 Capital.

A press release ITS InfoCom reads:

ITS InfoCom receives $20 million in investment

• The Funds will be used to boost the multinational infocommunication company

$42 million for Scotiabank Costa Rica

January 2009

The National Council for the Supervision of the Financial System (Conassif) approved the increase in capital, from $80 million to $122 million.

According to nacion.com "The increase, a cash injection of $42 million, represents a considerable strengthening of the equity and indicators at the Bank, in addition to an important safeguard for clients as well as for investors," the entity reported."

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