Largest Central American BanksMonday, October 26, 2009 The top three are Panamanian: HSBC, General and Nacional. They are followed by Banco Nacional from Costa Rica, Bladex from Panama and Agrícola from El Salvador. Business magazine América Economía published its ranking "Latin America's largest Banks", from which we extracted the 42 Central American banks included. Colombian Banking in Central AmericaFriday, June 11, 2010 The offer to buy BAC-Credomatic made by Banco de Bogotá confirms that Colombia’s large financial groups are seeking to expand their borders. An article in Portafolio.com.co remarks that BAC has so far not responded to the Colombians. The financial website also lists the international operations of Colombia’s financial institutions such as Colpatria, Davivienda and Bancolombia. CABEI Loans for Cacao and CoffeeWednesday, March 24, 2010 The Central American Bank for Economic Integration (CABEI) has developed a program to assist small coffee and cacao growers. Called CAMBio (Central American Markets for Biodiversity), the project is expected to assist over 2.000 growers of the region. $17.5 million for Costa Rica's BancreditoWednesday, November 12, 2008 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 Costa Rica: Bank Earnings Down 34%Tuesday, January 19, 2010 In 2009, banks in the country had net earnings of $190,32 million, 34% less than in 2008. Data from banking superintendent SUGEF shows that state-owned banks fared worse than privately-owned ones. The first suffered from a 37% reduction in earnings, while the latter 28%. The sources of wealthWednesday, July 23, 2008 "It's common to hear that agriculture is the source of all wealth" Like this Manuel Hinds starts his column in the web site Instituto Independiente. $117.5 million for the state financial sector in Costa RicaTuesday, November 25, 2008 The initiative proposed by president Oscar Arias seeks to strengthen the sector and shield it from the global crisis. The president said that the National Bank, the Bank of Costa Rica and the Agricultural Bank of Cartago have enough liquidity and that this is just a preventative measure. Central America seek common fund for agricultureThursday, September 18, 2008 Central American countries will present a proposal to obtain financing in order to provide resources for agricultural activities. The Ministers of Agriculture from Ibero-America agreed in El Salvador to promote the joint investment in order to boost food production and to provide incentives to youth that work in the field. Costa Rica: Development Bank to start in DecemberThursday, November 13, 2008 Farmers, entrepreneurs and professionals will be able to present their proposals to compete for part of the $84 million that the Government made available to start the fund. In December the interested parties will be able to go to the National and Agricultural Credit banks, the minister of Agriculture and Livestock, Javier Flores, said. Costa Rica Condones Agriculture DebtsWednesday, August 26, 2009 Congress approved a project to condone $13.65 million in debt by small producers. This law waives any debt held with the late Agricultural Trust (Fidagro), and the Productive Reconversion Fund. State Bank to Remain IntervenedWednesday, May 30, 2018 An agreement was reached to extend for 90 days more the intervention of Banco Crédito Agrícola de Cartago, while discussion takes place of the plan that would allow its absorption by another banking entity. The National Council of Supervision of the Financial System decided on May 22 to extend for three more months the intervention of Bancredito, whose status, according to the authorities, continues to be of "financial infeasibility". Costa Rican State Banking Profits DecreaseFriday, April 24, 2009 In the first quarter of 2009 state bank profits fell by 25% when compared to the same period in 2008. According to the Superintendent of Financial Institutions (SUGEF), the opposite happened with private banks, which increased their profits by 12% over the same period. Colombian Investment Boom in Central AmericaMonday, January 30, 2012 Direct investment by Colombian companies came to about $1 billion in 2010, a giant leap forward compared to the $27 million in 2004. Central America has become a kind of "Promised Land" for large companies in Colombia, writes ElTiempo.com. End of the Road for State BankMonday, March 26, 2018 In Costa Rica, the financial supervisor recommended the Congress to apply the state guarantee to Bancredito and merge it with another public banking entity. Luis Carlos Delgado, president of the National Council of Supervision of the Financial System (Conassif), "... confirmed to Nacion.com that (last week) they approved, in a definitive manner, the final report on the intervention of Banco Crédito Agrícola de Cartago (Bancredito), which concludes that the entity is no longer financially viable." Costa Rican Congress Halts Debt CondonationFriday, August 28, 2009 A project approved in the first discussion, which condoned $13.5 million in farmer debt, was turned back for further study. Representatives halted approval of the law in the second discussion, after realizing there were major producers among the beneficiaries. |
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