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.

"The last company to get this status was the financial entity Acobo which after the change of license in 2010 began operating under the name Banco de las Soluciones (Bansol).

Currently, the commercial banking sector is composed of three state agencies, one bank created by special law and 12 private banks, among which there are several based on foreign capital and others on Costa Rican capital", reported Nacion.com.

Source: Nacion.com

More on this topic

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