National Bank of Costa Rica to offer leasing

It will be the first state bank to offer this service, which consists of renting an asset (machinery, computer equipment or vehicle) to a company or person for a set time at a set price.

Wednesday, December 17, 2008

This will be possible because of the Banking System Law for Development that was approved in November, allowing public banks to carry out financial and operational leasing.

More on this topic

Better than Buying, Rent

June 2009

Leasing is growing as an ideal financial instrument to dispossess of assets while incurring lower costs and obtaining financial benefits.

In El Salvador, the usage of this mechanism has increased since 2002 when the Financial Leasing Law, which set clear leasing rules, was approved.

BNCR Acquires 13,000 Payment Terminals

August 2010

Costa Rica's Banco Nacional has ordered more than 13,000 point of sale (POS) fixed and mobile terminals from Hypercom Corporation.

According to Hypercom, the multimillion dollar transaction will be rolled out over four years with countertop and mobile plastic card payment terminals supplied by one of the company's authorized distributors, Evertec Latin America.

Leasing Growing in Guatemala

January 2013

Investment in leasing or lease-purchases totals $254 million and growing.

According to Mirella Juarez, president of the Association of Leasing Companies, the growth of the service is significant despite a lack of awareness in the country about the subject.

"Leasing consists of renting movable goods such as vehicles or immovable goods, such as homes, by a specialized company.

Costa Rica: National Bank lowers interest rates

February 2009

Effective February 15 the bank will reduce its interest rate for housing loans lower than $89.000 (¢50 million) by 2 percentage points. reports on its website: "The Popular Bank also agreed to reduce its interest rates by 2 points starting on March 1.

These banks have joined the Bank of Costa Rica and the Bancredito Bank in reducing their rates at the request of the Government in order to deal with the economic crisis."

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Real Estate Investment Banking in Central America
Operates in Panama, Nicaragua, Honduras, Guatemala, El Salvador and Costa Rica
Phone: (506) 25820600

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