In Costa Rica, Aldesa Corporación de Inversiones applied for judicial intervention because of lack of liquidity and announced the closing of the stock exchange.
From Aldesa's press release:
March 8, 2019. The uncertainty generated by the fiscal crisis among Costa Rican investors during the last quarter of 2018 led to a severe loss of liquidity in the market, which impacted the private real estate projects managed by Aldesa.
In Nicaragua, the license of CrediFactor S.A. to offer securities to the public was revoked due to the difficulties the company is facing in paying for the securities.
The executive president of CrediFactor, Mauricio Pierson Stadthagen explained to Elnuevodiario.com.ni that "... The country's situation decelerated the rate of recovery of the portfolio they had been recording, which was funded with the issuance of bonds in which individuals invested. The factoring company did not take deposits from the public."
Banpro Grupo Promerica suspended operations of two branches in the department of Carazo.
The bank reported in a statement released yesterday, that due to lack of security for customers and employees, the branches in Diriamba and Jinotepe will remain closed.
The banking authorities of Panama have authorized Banco Santander to initiate a voluntary liquidation process.
Despite, that the resolution by the Superintendency of Banks in which the voluntary liquidation of the entity is authorized, dated from December 22, 2017, it was not until this Monday, May 28, 2018, when it was published in the Official State newspaper, La Gaceta and the measure acquired legal force.
Almost two years after the bank was taken over and after a missed sale, the Superintendency of Banks has ordered its liquidation.
From a statement issued by the Superintendent of Banks:
By Resolution SBP-0015-2017 of January 27, 2017, the Superintendency of Banks of Panama has ordered the effective administrative liquidation of BANCA PRIVADA D' ANDORRA (PANAMÁ), S.A.
The market regulator of Panama has indefinitely suspended the license of the brokerage firm Clever Financial Investment Services, linked to Banco Universal.
A resolution by the Superintendency of Securities said that after performing an inspection at the brokerage firm, " it was found that the brokerage firm maintains only three bank accounts, all of them with Banco Universal ", namely own / administrative account, third parties / customers account and a deposit account. "
The Panamanian Autonomous Cooperative Institute yesterday ordered the liquidation of the Savings and Credit Cooperative for Employees of the Social Security Fund, due to irregularities in its operations.
Cooperativa de Ahorro y Crédito Empleados de la Caja de Seguro Social (Coacecss), was seized in June last year, triggered by an "administrative and financial deterioration" in its handling, specifically for opening foreign accounts for excessive amounts on the entity's balance sheet.
The Superintendency of Corporations has ordered the opening of bankruptcy proceedings on the assets of Interbolsa SA, parent company of the Grupo Interbolsa.
A statement from the Superintendence of Companies of Colombia reads:
Bogota, Jan 4 (SS).
The Superintendency of Corporations in the exercise of its statutory powers 430-000043 January 2013 has decreed the opening of bankruptcy proceedings of the assets of Interbolsa SA, the parent company of Grupo Interbolsa.
Having determined that there are no viable alternatives for the entity to continue developing its objective, it will be liquidated.
A statement from the Financial Superintendence of Colombia reads:
SUPERINTENDENT OF FINANCE ORDERS COMPULSORY LIQUIDATION OF THE BROKERAGE AGENCY INTERBOLSA SA
- Fogafin informed the financial Superindendent that there are no viable alternatives for the entity to continue developing its objective, and for that reason it will be liquidated.
The company has been under investigation for issuing customers a "financial card" that allowed them to deposit money by electronic means.
The Ministry of Trade and Industry (MITI) through the Directorate of Financial Enterprises, has ordered the closure of the finance company Pronto Cash after having cancelled its operating permit. The agency also fined the company $10,000 on 1st April.