Minimum Capital for Banks RaisedNicaragua's private banking sector reacted positively to the Superintendency of Banks’ decision to raise the minimum capital required by banks to more than $10.65 million.Wednesday, February 1, 2012
Juan Carlos Arguello, president of the Association of Private Banks of Nicaragua (Asobanp), told the online edition of La Prensa, that actually private banks have a current coverage of 16% minimum share capital, 4% more than the required level of 12%. Source: laprensa.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Nicaraguan Financial Sector: Changing the RulesMarch 2020 Local authorities decided to raise by 10% the minimum capital required for the opening of a bank or the operation of existing ones. Regulation Requires Companies to Disclose InformationJanuary 2015 The decree submitted for public consultation by the General Directorate of Taxation of Costa Rica requires commercial companies to provide information about its members and the composition of its capital. Nicaragua: Criticism of State Bank PrivilegesMay 2014 Private banks are protesting because "the provisions contained in the banking law referring to the requirements and authorizations for the establishment and commencement of operations of commercial banks will not be applicable to Produzcamos." Less Credit Cards in NicaraguaJanuary 2012 In the past four years credit card issuance has reduced by 42.4%.
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