Monday, 30 November 2020
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Tag: banking in costa rica

Banks cut credit cards of 136,000 “no longer profitable” clients

(QCOSTARICA) Tens of thousands of bank customers saw their credit cards cut by the banks in recent weeks. Some got emails, others got a call with the bad news: the bank informs you that it will close your credit card permanently and you will...

More than 78% of the adult population in Costa Rica has a bank account

The most recent information from the Central Bank of Costa Rica (BBCR) indicates that 78.64% of the adult (over 18) population that lives in Costa Rica have at least one bank account. According to official data, 72.14% of people 65 years of age or...

Is State Banking Inefficient?

It's not uncommon to hear phrases such as: “State banking is inefficient. Administrative expenses grow without measure and the size of payroll unsustainable. The lag in technology is its ballast.” The statements aren't new, over time taking on a life of their own. But is...

Legislators Aprrove Foreign Banks Opening Branches in Costa Rica

The Legislative Assembly on Monday approved, in the first debate, a bill that allows foreign banks to open branches in Costa Rica. The reform to the Ley Orgánica del Sistema Bancario Nacional had the unanimous support of the 43 legislature present during Monday's session. Discussion of...

Reform of the Financial System

Allowing the opening of branches of foreign banks in the country and creating a structure of consolidated supervision of the entire financial system is part of the reform proposed by the Alvarado administration. In March of this year, two bills were presented to the Legislative...

Caution When Using An ATM in Costa Rica

Q COSTA RICA - We can't stress this enough, especially this time of year when the last thing you need is to be scammed and by your local ATM. This even more so for visitors on business or holidays in Costa Rica. Though banks do...

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