Banesco in Panama Updates Growth Policies

Increased controls on lending to sectors such as construction and a reduction in branch openings are some of the measures.

Thursday, March 26, 2009


Jorge Salas, Bank manager, informed "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."

More on this topic

Banks Expands Into Shops and Stores

July 2013

In El Salvador, any business or individual can act as a financial intermediary with the support of a financial institution.

The regulation, which will take effect on August 1, enables banks to make agreements with third parties who can receive deposits from the public or lend money, up to certain limits, backed by a financial institution.

Banco Nacional de Costa Rica introduces “Cashback”

May 2011

The bank aims to improve the efficiency of its services and reduce lines in its branches by extending its payment network, among other measures.

In addition to using debit cards to pay for public and private services in various stores, including supermarkets, customers of BNCR now have the ability to withdraw cash (cashback) in those outlets.

BCR to Offer Mobile Banking Services

August 2010

A vehicle mounted with an ATM and with customer service facilities will enable clients to carry out any banking transaction.

The vehicle will use satellite technology to enable customers to carry out the transactions online.

"The cost of each unit is approximately $143k and will be used to deliver Banco de Costa Rica (BCR) services to customers attending large events as well as provide special services to the bank's client companies and institutions with particular needs, thereby widening its commercial offering," reports La Prensa Libre.

Venezuela's Banesco to set up regional headquarters in Panama

May 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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Scotiabank de Costa Rica

Organization that operates in Costa Rica.
Phone: (8001) 72 6842

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