Costa Rica: $ 90 Million for Banking Sector

CABEI granted a loan that will be assigned to the country's state banks, resources that will be used to support the productive sectors in the context of the national emergency.

Friday, March 27, 2020

With the aim of strengthening the liquidity of state banks in the face of the national emergency caused by the covid-19 pandemic, the Central American Bank for Economic Integration (CABEI) authorized the disbursement of US$50 million for the Banco Nacional de Costa Rica and US$40 million for the Banco de Costa Rica, reported the international organization.

See "Covid-19: Forecasts for the financial sector"

The CABEI statement said that "... the attention of the state banks was a priority and that they should provide assistance to the industrial, agricultural and service sectors that are being affected by the global emergency."

According to an interactive report prepared by CentralAmericaData, the impact of the CIF-19 crisis on the financial sector in Central America is expected to be felt mainly in services related to stock brokerage and investment advice, where a drop is expected.

Coronavirus: How do the outlook change for Costa Rica's banking sector?

We prepared for our clients the report "Information System: Covid-19 and Business Outlook" which helps companies to measure the impact that the crisis will have on their activity in the coming months.

Click here to request access to this report.

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