Costa Rica's Bicsa to open in Nicaragua and Panama
Banco Internacional de Costa Rica (Bicsa) aims to open a branch in Nicaragua and an office in Panama by the end of this year.
Wednesday, May 28, 2008
At present, the bank has only a representative office in Nicaragua. Victor Emilio Herrera, chairman of Bicsa's board, said the office in Panama would seek out business generated by the amplification of the Panama Canal.
It is difficult to understand - especially because it has been made public - how a major state bank has described the International Bank of Costa Rica as "high risk" while another main state bank has stated the opposite.
Blue Power has signed a financing agreement for $80 million with Bicsa bank, for the completion of the project in Nicaragua.
Banco Internacional de Costa Rica traded in the secondary market of El Salvador a total of $ 5 million Series F bonds.
Banco de Costa Rica (BCR), a state-owned commercial bank, opened two new banches, one in the Cartago Industrial Park, the other in Ciudad Colón, as part of an ambitious expansion plan.
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