Banco Nacional Increases Credit Portfolio

January 18, 2008
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

Give green in Costa Rica: holiday gifts that will live on all year
Environment and Wildlife
609 views
Environment and Wildlife
609 views

Give green in Costa Rica: holiday gifts that will live on all year

Ed 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 streets
Central America
1430 views
Central America
1430 views

Honduran opposition protesters take to the streets

Noe 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, Canada
Please Send Coffee!
2337 views
Please Send Coffee!
2337 views

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada

Gustavo 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…