QCOSTARICA Eight financial entities in Costa Rica announced Tuesday a plan to combat loansharking or extortionate (in Spanish "gota a gota") lending. The plan also includes an education campaign to alert and raise awareness about the risks associated with high-interest informal lending, where interest rates are much higher than those of the formal system…
QCOSTARICA The recent decline in the dollar exchange rate or appreciation of the colon, has generated challenges for individuals and business owners in Costa Rica who earn income in dollars. In an effort to offer financial guidance in the face of this exchange rate situation, the Banco Nacional (BN) offers five key tips from…
QCOSTARICA The goal of a collaborative effort between public and private institutions is to provide assistance to over 5,500 women affected by breast cancer in Costa Rica. The Banco Nacional (BN) joined this week Alianza por su Salud (Alsalus) that already includes the Caja Costarricense del Seguro Social (CCSS), the Hospital Clínica Bíblica, Auto…
QCOSTARICA Two treasury employees have been suspended from their duties at the Banco Nacional (BN) branch in Ciudad Quesada, San Carlos after money was found missing during a surprise count. Both were criminally reported to the Public Ministry. Telenoticias reported this morning that the State bank had on Monday filed a criminal complaint against…