$42 million for Scotiabank Costa Rica

The National Council for the Supervision of the Financial System (Conassif) approved the increase in capital, from $80 million to $122 million.

Thursday, January 8, 2009

According to nacion.com "The increase, a cash injection of $42 million, represents a considerable strengthening of the equity and indicators at the Bank, in addition to an important safeguard for clients as well as for investors," the entity reported."

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Banco de Costa Rica Requests $30 million from CII

December 2011

The Banco de Costa Rica (BCR) has requested a $30 million loan to strengthen its capital and to provide financing to SMEs.

A press release from the Inter American Investment Corporation (CII in Spanish) reads:

Loan funds will be used by the CII to strengthen the bank's assets and to improve financing of Costa Rican SME’s, with loans of up to $500,000.

ITS InfoCom Funded with $20 million

November 2011

The multinational computer services company from Costa Rica has received capital investment from Aureos Capital Ltd., Capital Creation and E3 Capital.

A press release ITS InfoCom reads:

ITS InfoCom receives $20 million in investment

• The Funds will be used to boost the multinational infocommunication company

$69 million for HSBC Costa Rica

January 2009

The purpose of the funds is to strengthen liquidity and credit worthiness indicators with investors in mind.

Prenslibre.com reports on its site that "this injection of capital, however, will be considered as a part of the growth strategy for the credit portfolio for the year.

Scotiabank expands its Nicaragua presence

April 2008

Scotiabank has decided to expand its Nicaragua position by acquiring the remaining 49% of the shares of Financiera Arrendadora Centroamericana (Finarca) which it operates there.

Scotiabank bought all of the outstanding shares on April 1, after obtaining authorization from the office of Nicaragua's Superintendent of Banks and other Financial Institutions.

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