Grupo Mundial will enlarge the capital base of bank "Banco Banvivienda" for the second time in 2009.
In June, the group had injected $10 million in the bank.
Prensa.com reports: "...the purchase of 65% of Aseguradora Mundial on behalf of Spanish corporation Mapfre... implies a $102.7 million cash payment for the group, in additon to $4.5 million in dividends for 2009's operations, as well as 35% of Mapfre Central America".
A report by risk rating company Equilibrium (Moody's), analyzes the sector's main indicators for the first half of 2009.
Assets and Loan Portfolio
By the end of the first half of 2009, the Banking system reported $63.725 million in assets. The loan portfolio makes up 63.2% of the total ($40.291 million). Loans had grown at an average pace of 19% from 2004 to 2007, but in September 2008 there was a change in the trend.
The government will transfer $17.5 million to Agricultural Credit Bank of Cartago (Bancredito) as part of a plan to provide capital for State banks.
The total transfer will be $117.5 million to the three State banks. The Government had already announced $50 million in capital for the National Bank and the Bank of Costa Rica
The decision by Government to inject capital into State owned banks, Banco Costa Rica and Banco Nacional should be ready by mid next week.
Its was confirmed by the Minister to the Presidency, Rodolfo Arias, who analyzed the topic in an extended session of the Economic Council that took place yesterday at Casa Presidencial.
He also announced that an executive decree relating to development banking will be signed next week.