Banks operating as usual in Costa Rica after earthquake

Yesterday's earthquake force the temporary closing of some branches and caused a slight delay in clearing checks.

Friday, January 9, 2009

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Financial Access in Central America

September 2010

Bank Accounts per 1,000 adults: Costa Rica 1354, Guatemala 1140, Honduras 758, Panamá 412.

In branches per 100,000 adults, Guatemala is first with 35, followed by Costa Rica with 23, Panamá 18, El Salvador 9, and Honduras 2. No available data for Nicaragua.

Financial Access 2010 is the second annual survey of financial regulators in more than 140 countries covering the turbulent period between 2008 and 2009.

State-Owned Banks Increase Workforce, Private Ones Cut Back

July 2010

While Costa Rica’s state-owned banks are hiring more employees, those in the private sector cut back their workforce in first five months of 2010.

State-owned Banco Nacional and Banco de Costa Rica stated that the increase comprises temporary positions for vacation and sickness cover, in addition to some short-term contracts for specific projects.

Central American Banks: Annual Results and Perspectives

April 2009

Fitch Ratings reported that the risks to regional banks during the current crisis are growing and represent a major challenge for 2009.

The combination of reduced credit expansion, fund restrictions and increasing loan provisions have limited the profits of most banks and it is expected for these factors to continue to pressure the results in the coming months.

More than $100 million in damages due quake in Costa Rica

January 2009

When it declared a National Emergency, the government of Costa Rica estimated that there were $100 million in damages caused by Thursday's quake. reports on the press conferences and indicates that "just in damages to road infrastructure the figure was estimated to be $15 million by Minister of Public Works and Transport, Karla Gonzalez.

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