Company Profile Organization that operates in Costa Rica.
Costa Rica: Bansol Changes Brand Name to PrivalThursday, September 3, 2015 After having bought 100% of the shares of the Costa Rican bank Bansol, Prival Bank announced that from September 7 it will operate in the country under its own brand name. The purchase of 100% equity of Bansol was announced in April, and now the Bansol brand name is being replaced by the Panamanian bank. Panama: Balboa Bank Has New OwnerMonday, October 9, 2017 The Superintendency of Banks in Panama has authorized the transfer of 100% of the bank's share capital to Corporación BCT, of Costa Rican origin. From a statement issued by the Superintendent of Banks: Approval Given to Sale of Balboa Bank to Costa Rican GroupTuesday, July 11, 2017 The Superintendency of Panama estimates that the full process of transferring share capital to the BCT group will be completed in August of this year. From a statement issued by the Superintendency of Banks in Panama: GE Money to increase its participation in BACThursday, July 10, 2008 The American financial giant GE Money is negotiating to buy more shares in the Bank of Central America (BAC Credomatic) over the medium term. In 2006 the two firms signed an agrement under which GE Money would acquire 49.99 percent of BAC's capital. GE to Acquire a 25% Share of BACMonday, June 8, 2009 With this purchase, GE Money would have 75% of the shares of BAC International Bank. Beginning in July, the financial group GE Money has the option to purchase additional shares. Costa Rica Prepares New International Debt IssuanceThursday, March 27, 2014 The government is working on a bond issue in the international market for $1 billion, with terms of between 10 and 30 years. The bond issue was structured by the Bank of America, Merrill Lynch and Deutsche Bank according to information provided by Jordi Prat, Deputy Minister of Investment and Public Credit. Deutsche Bank and HSBC to Sell Costa Rican EurobondsThursday, February 12, 2015 An announcement has been made that the government has selected Deutsche Bank and HSBC to structure and place on the international market an issuance of debt of up to $1 billion, scheduled for February 2014. In order to take advantage of any "window of opportunity" that may present itself in the international market in terms of rate conditions and demand for the issue, the government of Costa Rica has accelerated the process and selected Deutsche Bank and HSBC to lead the process of placement of public debt worth up to $1 billion. Deutsche Bank and Citigroup Place EurobondsMonday, October 22, 2012 In the bidding held by the Costa Rican Ministry of Finance other bidders including JP Morgan, Barclays, Credit Suisse and HSBC have been ruled out. The Costa Rican government announced that Citigroup and Deutsche Bank will be responsible for technical advice for the placement of up to $4 billion in Eurobonds. Financing Being Studied for Refinery in Costa RicaTuesday, June 14, 2011 The Costa Rican Petroleum Refinery has begun to study funding models with representatives of Chinese companies. Soresco, in a joint venture with Recope and China's CNPC oil, has almost completed the project’s feasibility studies. Real Estate Investment in Health Centers GrowsThursday, May 21, 2009 In Costa Rica, there is a growing trend in the development of buildings designed to house health care facilities. Coldwell Banker Peninsula Trading Co. reported a rapid-growth trend in Costa Rican health care and rehabilitation and retirement center real estate property investment. Costa Rica: $235 Million to Finance Garabito PlantThursday, June 11, 2009 The KFW IPEX Bank of Germany granted the credit to the PT Garabito securitization trust for the construction of the plant. The loan, which covers 85% of the construction work, has a 13-year term and a fixed annual interest rate of 5.06%. Bonds for $500 million with 30 year TermWednesday, May 8, 2013 The minimum purchase amount of the bonds issued today by the Instituto Costarricense de Electricidad, is $200,000, with an estimated yield of 7%. The final rate will be definitive after those in charge have completed the assignment of the book of offers by investors, on May 8," noted an article in Elfinancierocr.com. Bank of America Closes Service Center in Costa RicaWednesday, April 9, 2014 The company has announced the phased closure of the operation in the country and the laying off of 1,500 workers over a period of 9-12 months. In addition to the service center specializing in finance and technology in Costa Rica, the U.S. bank will also cease operations in the Philippines and Mexico, as part of an overall process of re structuring of the company. Coldwell Banker Affliates of Central America Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
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