Tender: Security Services for $3 millionWednesday, June 1, 2016 Banco Popular and Banco Desarrollo Comunal in Costa Rica are putting out to tender security services for all their offices nationwide. Government Purchase 2016LN-000018 Costa Rica-DCADM: Spanish Bank After Citi's Regional OperationsWednesday, March 4, 2015 Aside from the Colombian Grupo Aval, the Spanish company Banco Popular may also be in negotiations to acquire Citi's entire consumer banking operation in Central America. The sixth largest bank in Spain, which at the moment has no presence in Central America, could be interested in acquiring the consumer banking operation that Citi has put up for sale in Costa Rica, El Salvador, Guatemala, Nicaragua and Panama. Spanish Withdraw From Purchase of Cito Central AmericaThursday, March 12, 2015 It has been reported that the Spanish firm Banco Popular has abandoned the negotiations for the purchase of Citigroup's consumer banking unit in the region. Reports published by Bloomberg.com indicate that a purchase of consumer banking operations in the region would not be aligned to the strategic plan of the Spanish Banco Popular SA, who for weeks had been holding negotiations with Citigroup. More than Just the Pink Color in Women's BankingWednesday, December 2, 2015 The criticism attracted by the latest "commercial" venture by the State Bank of Costa Rica should not stick to just the surface of the fairytale castle and pink marketing campaign, but should go to the heart of the concept of state banks, which today have degenerated into simple banking institutions with commercial privileges. EDITORIAL Guatemala people's banks seek cross-border businessMonday, May 26, 2008 Guatemala's "people's banks", that lend to the likes of small shopkeepers, aim to take their business model to the rest of Central America. G&T Continental and Banco Industrial (BI) run mini-branches where low-income customers can cash cheques, open savings accounts and pay public-service bills. Citi to Sell its Operations in Central AmericaTuesday, October 14, 2014 The group has announced that as part of its long-term strategy it will withdraw from the consumer banking business in Costa Rica, El Salvador, Panama, Guatemala and Nicaragua. Extract from a statement issued by Citigroup: Guatemala: Banking Agents GrowingTuesday, August 4, 2015 Two private banks account for 81% of the 5767 bank agents operating in the country, which in the last three years have increased their presence by 40%. As of June 30, 2015, 5767 agents are operating , 9.4% more than in the same period in 2014, according to the Superintendency of Banks. "... Five banks have a banking agents system : Banco G & T Continental has 48.5% of these agents, Banrural 33%, BI 17.65%, followed far behind by Banco de Crédito (0.66%) and Banco Promérica (0.19%). " Opportunities in Construction Projects - August 2015Monday, October 19, 2015 A mining development in Guatemala, an industrial plant in Costa Rica and residential works in Panama are some of the projects for which environmental impact studies were submitted in August 2015. The report "Construction Projects in Central America - August 2015", prepared by the Business Intelligence Unit at CentralAmericaData.COM, provides a detailed list of major construction projects for which environmental impact studies (EIS) were submitted in August to various government institutions in each country. How Pension Funds Administrators Manage the CrisisMonday, October 26, 2009 Business Magazine América Economía presented its 2009 ranking for the industry, along with an analysis of its key aspects. América Economía's 2009 Pension Fund Administrator ranking lists the top 100 Latin American operators. Three are from Central America: Confía and Crecer from El Salvador, 46th and 50th, and Costa Rica's "Popular Pensiones", in the 96th position. Guatemala’s Banrural to Operate in HondurasMonday, January 23, 2012 The Rural Development Bank plans to open 21 branches in Honduras, investing $40 million. Guatemalan banks are expanding into Central America. This time it is the Banrural, which has plans to open 21 branches in Honduras after obtaining permission from the authorities. What if Development Projects Were Managed by the Private Sector?Tuesday, June 17, 2014 Out of the $80 million awarded in Costa Rica to the Limón Port City Project 5 years ago, only 12% of it has been spent, mainly on paying the salaries of public officials connected to the project. Editorial Mobile Banking Growing in Central AmericaThursday, March 29, 2012 To date, about 8 banks in Guatemala, 4 in El Salvador and 3 in Honduras, Nicaragua and Costa Rica offer the service; there is still much ground to cover in the region. The director of Technology at the company Ebclosión, Derick Brol, indicates that in Central America in 2011 there were mobile phone banking services in about 8 banks in Guatemala, 4 in El Salvador and 3 in Honduras, Nicaragua and Costa Rica. $150 Million for Infrastructure in Central AmericaFriday, January 15, 2010 The Central American Bank for Economic Integration will invest, together with other institutions, in a Mezzanine Fund for Central American Infrastructure (Camif). The fund will contribute resources for infrastructure projects in Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Dominican Republic, Mexico and Colombia. Little Use of On-Line Banking in GuatemalaMonday, February 16, 2009 Users continue to prefer traditional operations; bankers maintain that in a short time frame, this tendency will revert itself. Sigloxxi.com publishes an article in its website: "Among the hundred of the most visited places on the internet, and in just half of the count, only three banks are placed: G&T Continental (46), Industrial (51) and Banrural (60). Bancarization Contributes to DevelopmentWednesday, May 20, 2015 Between 2011 and 2014 the number of people with bank accounts grew in all Central American countries, with noteworthy growth in El Salvador of 23%. In Guatemala bankariztion grew by 19% in the period in question, reaching 9.2 million people with at least one bank account. In Honduras' growth was 11%, Costa Rica's 14%, Panama's 19%, and in Nicaragua, the increase was only 5%. |
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