Banco Nacional Increases Credit Portfolio
The country’s biggest bank by market share increased its credit portfolio by more than half in 2007.
Banco Nacional, one of the country’s three state-owned banks, grew its credit portfolio from $1.8 billion in 2006 to $2.85 billion by the end of 2007, according to numbers released by the bank this week.
The biggest increase came from home loans, which went up by 49% and account for almost a third of the bank’s loans.
Likewise, service-related loans, representing 14% of the bank’s credit, almost doubled.
In a statement, the bank said it planned to increase its home loans in 2008 by $262.6 million, which at an average loan of about $24,000 would mean approximately 11,000 additional loans.
Facebook Comments
You may be interested
Costa Rica
158 views
Costa Rica
158 views
Costa Rica investing $42 million for health facilities in Guanacaste
Alejandro Zúñiga - July 22, 2019Costa Rica's Social Security System (Caja), which manages the country's socialized health care system, announced Monday a $42 million plan…
Costa Rica
83 views
Costa Rica
83 views
Eighty-four Ticos participating in the 2019 Pan American Games
Alejandro Zúñiga - July 22, 2019The 2019 Pan American Games begin Friday, July 26 in Lima. Eighty-four Costa Rican athletes -- 44 women and 40…
Sloth Sundays
353 views
Sloth Sundays
353 views
Slothy Sunday: Counting down to the 4th annual Sloth Ironman Games
Zara Palmer / Toucan Rescue Ranch - July 21, 2019Did you know that there is an internationally recognized holiday all about sloths? That’s right – there is, in fact,…
