Because of the depreciation that the Costa Rican currency has been reporting in the past months, companies and individuals who rent properties will have to pay more colones in those contracts that have been agreed in dollars.
According to data from the Central Bank of Costa Rica, from August 16th to date, the Colon has registered in the wholesale market Monex a depreciation equivalent to almost 11%, leading the dollar price from ¢567.97 to ¢628.85.
Grupo Prival, a financial institution of Panamanian origin, has announced the sale of its subsidiary Prival Securities El Salvador, on May 8, 2018.
Elcapitalfinanciero.com reports that "... In a note sent to the Superintendency of the Stock Market (SMV) for public knowledge, the banking institution reported that the change was duly notified and authorized by the Superintendency of Banks of Panama (SBP). "
Three financial funds in colones and dollars have started to be marketed by the fund management company of group Prival, of Panamanian origin.
Three financial investment funds have now received authorization for public offering by the General Superintendency of Securities.
One of the funds is public and in colones, another is public in dollars and the third is diversified and in dollars. Manager VidalVillalobos told Nacion.com that"...'The difference between the public fund in colones and the diversified fund in colones is that the latter not only invests in public titles but will also invest at least 30% of the fund in private instruments'.
Prival Group has asked the National Stock Exchange to authorize brokerage activities in the local market under the name of Prival Securities Puesto de Bolsa.
Authorization has been given to Grupo Prival de Panama to complete the transaction to acquire 100% of the shares of Banco Bansol in Costa Rica.
The financial group of Panamanian origin which also now operates in El Salvador, in addition to Panama, and its incursion into Costa Rica aims to strengthen its process of regionalization. Prival sought approval from the appropriate authorities in October 2014 for the purchase of Bansol.
Grupo Improsa de Costa Rica has repurchased from Grupo Prival 50% of the shares in the stock brokerage firm Improsa Valores, which had been sold to the Panamanian company in December 2013.
The Relevant Fact was published by the Superintendency of Securities of Costa Rica:
Grupo Financiero Improsa S.A. wishes to make known to the general public that it recently acquired 50% of the shares of the subsidiary Improsa Valores Puesto de Bolsa SA.
An agreement has been made to the sale of 100% of the shares of Banco de Soluciones Bansol to Grupo Prival de Costa Rica, a subsidiary of Prival Bank S.A.
The relevant fact was published by the Superintendency of Securities (Sugeval):
"... On October 13th all the shareholders of Banco de Soluciones Bansol de Costa Rica S.A signed the documents for negotiation of the sale of all of the shares in circulation of aforementioned Costa Rican bank.
With the acquisition of 50% of the stock brokerage firm Improsa Valores, Grupo Prival has ventured into the Costa Rican stock market.
The agreement signed by the parties aims to increase Improsa Valores' participation in the Costa Rican securities trading business.
From a press release issued by Improsa Valores Puesto de Bolsa:
Improsa Grupo Financiero, SA and Grupo Prival Costa Rica, SA (Prival) a Subsidiary of Grupo Prival SA (Panama), signed a purchase and sale agreement whereby Prival acquired 50% of the shares of Improsa Valores Puesto de Bolsa, SA.