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Except for construction, bank loans in Costa Rica increased across the board in 2014
Business
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Business
1373 views

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

L. Arias - February 5, 2015

Costa Rican banks last year registered positive numbers for all but one of their credit options available to both personal and commercial loan portfolios. Loans for the construction sector registered a decrease, the Costa Rican…

Executive branch asks public banks for a full report on salary incentives and bonuses
Business
1073 views
Business
1073 views

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

L. Arias - February 4, 2015

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…

Salary incentives and bonuses at public banks hurt credit options for small businesses, says comptroller general
Business
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Business
1526 views

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

L. Arias - January 28, 2015

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)…

New banking consumer watchdog agency to open in November
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Business
1363 views

New banking consumer watchdog agency to open in November

L. Arias - August 26, 2014

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. The Costa…

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