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Former General Manager of BCR rejected as a “high risk” client by Banco Popular

Imagine being once the head of Costa Rica's State bank, the Banco de Costa Rica (BCR) and being turned down as a client by, for being "high risk", at the Banco Popular y de Desarrollo Comunal (Banco Popular), the "third" of the State banks. That...

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...

State Banks Offer 760 Properties At Attractive Pricing and Easy Financing

QCOSTARICA - Three state banks will be selling off about 76 properties in the first "Expo Interbancario" (Interbank Expo) to be held from April 15 to 17 in City Mall, in Alajuela. During the three days, the Banco de Costa Rica (BCR), Banco Nacional (BN)...

Spanish Bank After Citi’s Costa Rica and Central America Operations

QCOSTARICA - 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 Costa Rica and Central America. The Madrid-based Banco Popular, the sixth-biggest lender in Spain, would edge out Grupo Aval...

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