Costa Rica: Banks regulating the opening of new branches
Just as they regulated the placement of credit in the last few months, they are also applying the same policy to the opening of branches for next year.
Tuesday, December 16, 2008
Of the 14 banks operating in the country, 8 announced that they will open a maximum of 56 new branches; 41 of these will be by public banks, which continue to have a aggressive expansion plans.
The Banco Nacional de Costa Rica is putting out to tender the construction of a branch in Tibás, San Jose.
The bank will invest between 5 and 7 million in the opening of 3 new branches this year.
Aiming to offer more services to SMEs, "Banco de Crédito Agrícola de Cartago" will open 4 new agencies in rural areas.
The bank is planning for next year to have its own insurance agency, with 136 branches and to create 1000 small operations points in stores and businesses.
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