Banco de Bogotá is looking to expand commercial credit to Central American customers after the purchase of Grupo BAC-Credomatic, which concluded Wednesday of last week. Luis Carlos Sarmiento Angulo, president of the board of directors of Grupo Aval and owner of 75% of Banco de Bogotá, reported that Banco de Bogotá, through its subsidiary Leasing [...]
by GABRIELA MAYORGA New Credit Card Rules, in force since last Tuesday, prohibits issuers from making “harassing” phone to clients or their families in order to collect outstanding balances. The legislation protects cardholders who have experienced this type of practice in the past, identified as “abusive” by the Ministry of Economy, Industry and Commerce (MEIC). [...]
by TCRN Staff According to Francisco Carvajal, director of financial services for the Central Bank, they has licensed five commercial banks; Banco Popular, Banco Nacional, Banco de Costa Rica, BCT, BAC San José, to offer digital bank cards. The digital card is a device similar to a credit or debit card with an embedded chip, [...]
By TCRN Staff The International Monetary Fund (IMF) reported on its website Wednesday that it will increase Costa Rica’s access to credit from $65 Million to $653 Million after the second economic review of a stand-by agreement which was finalized in April. A stand-by agreement is a type of economic stabilization package offered by IMF [...]
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