Economic & Financial Reporter

Costa Rica speeds up plans to capitalize banks

Topics::

Banco Nacional de Costa Rica, Bank of Costa Rica, Rodrigo Arias, Capitalization, liquidity (money), Banking, Costa Rica

Source: Nacion.com
Friday, November 7, 2008

The decision by Government to inject capital into State owned banks, Banco Costa Rica and Banco Nacional should be ready by mid next week.
Its was confirmed by the Minister to the Presidency, Rodolfo Arias, who analyzed the topic in an extended session of the Economic Council that took place yesterday at Casa Presidencial.

He also announced that an executive decree relating to development banking will be signed next week.

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