Promerica Group Buys Ecuadorian Bank
Friday, February 28, 2014
The Nicaraguan financial group has received approval to acquire a 55% stake in Produbanco in Ecuador.
The Superintendency of Control of Market Power in...
Integration of Costa Rica to Regional Payment System
Tuesday, January 7, 2014
It has been announced that from March Costa Rican banks will be able to allow their customers access to the Central Interconnected System of Payments.
From a press release by the Central Bank of Costa...
$6.84 Billion From Colombian Banks in Central America
Monday, October 7, 2013
Since 2007 Colombian bankers have made progress in the region, led by Bancolombia with $3,216 million and Grupo Aval with $2.821 million.
For example, in Panama they have operations with "......
Central America Banks: Solid But Less Profitable
Wednesday, September 25, 2013
In the last year, the sector was characterized by lower loan growth, lower returns and higher funding costs.
Fitch has presented its Special Report on the Central...
Nicaragua Must Prepare for FATCA
Tuesday, September 24, 2013
The measures taken by the U.S. Treasury to pursue American tax evaders affect about 150,000 bank customers in the country.
In late April 2014, financial institutions must adhere...
Guatemala Joins South American Financial Action Task
Wednesday, July 24, 2013
Adherence to the group known as GAFISUD by its initials in Spanish will strengthen the work on preventing and combating money laundering and repressing terrorist financing .
A press release from the Superintendency of Banks of...
U.S. Defers Enforceability of FATCA
Monday, July 15, 2013
The fulfillment of the obligation to report on foreign bank accounts belonging to U.S. citizens has been postponed to July 1, 2014.
This was announced by the U.S. Treasury through a...
Banco Popular de Costa Rica Seeks More Regional Funding
Friday, July 12, 2013
Using standardized issuances, the Costa Rican entity intends to raise funds in the financial markets of Nicaragua, El Salvador and Mexico.
The idea "... is to raise funds by issuing securities on...