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A Cementazo Christmas! Legislative Commision Requests Sanctions Against 29

  The legislative commission, Comisión Investigadora de Créditos Bancarios de la Asamblea Legislativa (Banking Credits Investigative Committee of the Legislative Assembly), delving into the Chinese cement scandal named #Cementazo, tabled its report that recommends sanctions for 29 public officials of the three branches of government...

Could Users of Uber Be Penalized?

The demand and use of Uber in Costa Rica is on the increase. And so is the pressure by the current administration to put Uber to rest, by attacking the driver app company at its drivers. Deeming the service illegal, the administration of Luis Guillermo...

Banco Nacional To Cancel Accounts Of Uber Drivers

The Diaro Extra, the self-billed "most sold newspaper in the country" reports that the Banco Nacional (BN) will close the accounts of Uber drivers, the State bank deeming the activity "not acceptable". The publications posted a partial letter, dated November 23, 2017, submitted by an...

State Bank Faced With Declining Revenues and Rise In Bad Debts Calls For Government Aid

(QCOSTARICA) Facing financial problems, the Costa Rica state bank, the Banco Crédito Agrícola de Cartago (Bancrédito) has put forth a plan that includes a call for the transfer of state businesses, the administration fo the PYMES and Conape funds and a cash injection of...

The “New” Banking In Costa Rica

(QCOSTARICA) Today, the Banco Nacional (BN) joins the Banco de Costa Rica (BCR), Grupo Mutual and Bancredito allows anyone, including foreigners permanently or temporary and tourists in Costa Rica, to open a bank account without requiring a Costa Rican cedula. The product is known as...

Costa Rica Central Bank Introduces Virtual Wallet (Monedero Virtual)

QCOSTARICA - Customers of the Banco Nacional (BN), Banco de Costa Rica (BCR) and BAC San José can, through Monedero Virtual (Virtual Wallet) now make SINPE transfers from the smartphones. The Banco de Central de Costa Rica (BCCR) - Central Bank -  on Thursday introduced...

Public Banking in Costa Rica

In Costa Rica, publicly-owned banks have been available for so long and work so well that people take for granted that any country that knows how to run an economy has a public banking option. Costa Ricans are amazed to hear there is only...

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