Costa Rica: $100 million alliance of Deutsche Bank-Riverside Developers
The Costa Rican firm Riverside Developers has signed an agreement with MortgageIT Inc., a subsidiary of Deutsche Bank, one of the world's largest financial institutions.
Tuesday, June 17, 2008
The real estate developer has obtained a credit line of 100 million dollars.
G & T Continental has acquired, at $64 million, Citibank de Guatemala’s housing portfolio.
In January 2013, banks granted the construction sector loans worth $2.92 billion, which is $89.6 million more than in January 2012, when the figure was $2.83 billion.
Up to June banks had only provided financing for housing projects worth $14.36 million, while in the same period last year it had already reached $32 million.
In Costa Rica, Panama’s Banco General is starting a push into the country’s consumer banking market.
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