Panama Bank Begins Operations in Costa Rica
A new bank has opened its doors in Costa Rica. Banco General, a Panamanian bank, received authorization to operate in the country from the Superintendence of Financial Entities (SUGEF) this past May, reported business weekly El Financiero.
For the time being, Banco General will have $11 million in equity and offer services only to business clients. It is operating out of the Forum office complex in Santa Ana, west of San José, with 15 employees. Banco General de Panama, the parent bank of Banco General in Costa Rica, is completing a merger with Banco Continental de Panama.
Banco Continental has $150 million worth of credit located in Costa Rica, through credit lines granted from Panama.
You may be interested
Give green in Costa Rica: holiday gifts that will live on all yearEd Bernhardt - December 16, 2017
A warm holiday greeting from the garden to all our readers. Another year has come to an end, and it’s…
Honduran opposition protesters take to the streetsNoe Leiva / AFP - December 15, 2017
Supporters of the leftist opposition in Honduras blocked streets in various cities around that country on Friday, despite political repression,…
Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, CanadaGustavo Díaz Cruz - December 14, 2017
My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…