A reform to the Organic Law of the National Banking System proposes to allow foreign banks to choose between a corporation or a branch as the legal form to establish themselves in the country.
Project No. 21,292 called "Reform to Law No. 1644 - Organic Law of the National Banking System - Technical Sheet" was presented to the Legislative Assembly on March 8.
Federico Carrillo, executive vice president and general manager of the International Bank of Costa Rica, has been dismissed by the Board.
Through a press release, the Bank reported that "the dismissal of Mr. Carrillo Zurcher is based on a loss of confidence by the Board, due to the failure to control some of Bicsa's financial operations, namely swaps" .
The Banco Nacional de Costa Rica is putting out to tender the construction of a branch in Tibás, San Jose.
The contract includes demolition of existing facilities and construction of a new building for a branch of Banco Nacional in Tibás Costa Rica, which currently houses the aforementioned offices, with the aim of providing better customer service.
The National Bank has put out to tender construction of a new branch in Tamarindo, Guanacaste Province.
Summary of the works, according to the tender specifications:
The project consists of construction of a building for a National Bank branch in Tamarindo, Guanacaste province. It includes all works described in the plans and specifications prepared by the consulting firm CONDIS.
Only the Banco Popular plans to open ten new offices, the rest have plans from only one or two openings.
For the banks Nacional BCR, BCT, Lafise and others, it will be a year of moderate growth and their plans will be to participate in new developments or strategic communities.
"In 2011, many of these entities carried out expansion processes: Banco General opened offices in Rohrmoser, the banco Lafise in Multiplaza Escazú, San José, Alajuela and Liberia, the Banco Nacional in Bagaces and Puerto Viejo, and the BCR in Santa Ana, Alajuela, Ciudad Quesada, Perez Zeledon and Pococí.
Banco Nacional de Costa Rica is putting out to tender the construction of a building for the Liberian branch and site for the regional management of Guanacaste Puntarenas.
The specifications state:
The renovation work to which this contract relates will be made at the site of the current Liberia Branch and Regional Management of Guanacaste Puntarenas, National Bank of Costa Rica, three hundred (300) meters east of the main entrance to Liberia.
The National Bank of Costa Rica (BNCR) has put out to tender the construction of a new building in Naranjo.
The new structure will be located on land owned by the National Bank, situated in the canton of Naranjo, Alajuela province, across from the southwest corner of the park.
The contract comprises all the works necessary for the construction with the full scope described in the construction plans and specifications prepared by the consulting firm CONSULTECNICA S. A.
The National Bank (Banco Nacional in Spanish) if putting out to tender the refurbishment and expansion of its Agency Building in San Pedro, Montes de Oca.
The remodeling and expansion included in the tender contract is to be carried out in the same building where the Agency currently operates the Banco Nacional de Costa Rica in San Pedro de Montes de Oca, opposite Kennedy Park in San Pedro, San Jose.
The banking institution will shift its focus from corporate clientele to retail banking.
Gilberto Serrano, Lafise manager, explained that in 2010 the bank will grant more loans for home and auto buying, as well as consumption. They plan to open more branches and hire experienced staff in this area.
Lafise stated that they do not intend to compete with the large banks who already dominate this market, but to offer a different product.
'Banco General Costa Rica', 100% subsidiary of Panamanian Banco General S.A., inaugurated a new branch in the country.
The bank entered Costa Rica's market in May 2009. This new branch is located in Curridabat, in the capital city of San Jose.
"It is a bank with General License, providing the Costa Rican market with products and services to consumer and corporate clients", reports Pa-digital.com.pa.