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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Banking

Except for construction, bank loans in Costa Rica increased across the board in 2014

“These numbers show a stable, solid financial system with liquidity that is contributing to the growth of the local economy by providing financial resources to virtually all sectors, both commercial and personal.”

Executive branch asks public banks for a full report on salary incentives and bonuses

Vice President and Finance Minister Helio Fallas announced on Tuesday that the government will conduct an evaluation of all salary incentives and policies at public banks, following an investigation by the Comptroller General's Office last month. The investigation found that salary incentives and bonuses are hurting credit options for people and for small businesses.

Salary incentives and bonuses at public banks hurt credit options for small businesses, says comptroller general

A report made public this week by Costa Rica's Comptroller General's Office notes that from 2006-2012, three of the country's public banks spent ₡100 billion ($185 million) on salary incentives and bonuses for employees, which is the equivalent of almost a quarter of their total profits.

10 ways life in Costa Rica has been transformed, and you didn’t even notice

Over the last five years, Costa Rica has been transformed in some small ways we now take for granted. Living here will never be the same again. This list is a tribute to change, innovation, and the men and women in Costa Rica who make it happen.

Citigroup announcement sparks hectic week for Costa Rica’s banking sector

Citigroup's announcement on Tuesday that its retail banking business would be leaving Costa Rica prompted a chain reaction of speculation and drama.

New banking consumer watchdog agency to open in November

Not happy with your bank? Angry customers soon will be able to file complaints with a new Financial Services Ombudsman’s Office, which begins operating in November.

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