Monday 30 March 2020

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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...