Costa Rican Financial Company to go Regional

In late 2010 Financiera Desyfin will begin its expansion plan, opening branches in new countries every three months.

Wednesday, July 15, 2009

Focused in SMEs, the company has factoring as one of its services. Its first branch outside Costa Rica will be either in El Salvador or Guatemala, and from there they will expand to the rest of the Central American countries.

"Today we are in the midst of a regionalization, fueled by free trade agreements" commented Silvio Lacayo, Desyfin´s CEO, in a article, " We have the U.S. as a common main trade partner. Aditionally, companies like Wal-Mart or Grupo Monge have suppliers here and in the rest of the region, creating synergies and making it easier for our business to grow beyond Costa Rica"

More on this topic

Factoring in Panama

July 2013

With steady growth and reaching up to $1 billion a year, this financing mechanism is controlled by 24 companies, mostly banks.

Every year, the activity records growth of between 10% and 20%. "Using a factoring contract, a trader or manufacturer can assign an invoice or other credit document to a factoring company in exchange for a full or partial financial advance" explains an article in

Nicaragua: Fundeser Becomes Financing Company

December 2012

Micro financing company Fundeser, also known as the Foundation for Socio Economic Rural Development will in February its formal application to become a regulated financial company.

Since 2008 there has been interest from the Foundation to be regulated by the Superintendency of Banks and Other Financial Institutions (Siboif), but the proceedings were suspended because of the financial crisis.

Desyfin Applies for Banking License in Costa Rica

January 2012

The financing company is registering with the regulating authority the creation of a financial group made up by the financing company, an insurance seller and a leasing company.

Silvio Lacayo, Desyfin manager, said the proceedings were initiated in 2011 with the Superintendent of Financial Institutions and they are awaiting final approval by the agency.

G&T Continental Expands to Costa Rica and Panama

March 2009

In short, Financia in Costa Rica and Banco Financia (BMF) in Panama will begin to use the Guatemalan financial company’s brand.

Both companies were already part of the G&T Continental Financial Group which is now completing the formalities to change the name with the respective supervisory authorities in Costa Rica and Panama.

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