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.
You may be interested
Costa Rica
3731 views
Costa Rica
3731 views
U.S. Southern Command delivers hygiene supplies to Costa Rica’s Education Ministry
Alejandro Zúñiga - October 24, 2020The United States Southern Command delivered a significant donation of hygiene supplies to Costa Rica's Education Ministry (MEP) in a…
Costa Rica
22045 views
Costa Rica
22045 views
Costa Rica begins new dialogue in search of solution to serious fiscal crisis
AFP - October 24, 2020Costa Rica on Friday opened a dialogue with many sectors of the country in search of an agreement to overcome…
Costa Rica
15702 views
Costa Rica
15702 views
‘Hasta siempre, doctor Solís’: Costa Rica mourns doctor’s death
The Tico Times - October 23, 2020Jaime Solís, a 54-year-old doctor who worked for the Costa Rican Social Security System, is among the more than 1,200…
