Panamanian entity assumes dollar mortgage of Citibank Costa Rica (Citi), so that means moving thousand customers to the General Bank.

The purchase contract was signed in May and stipulates that the conditions agreed by Citi customers, remain despite the transfer, so that rule changes in terms or interest rates remains the same.

The debtors can pay off the loan at the offices of General Bank, but may continue their subscriptions at the offices of Citi this year.

With this single transaction, the Panamanian bank doubled its customer, from one thousand to 2 thousand customers, which hopes to consolidate its Consumer Banking business.

"Housing is the main long-term investment of a family and therefore General Bank aspires to be the financial institution to support its customers in this investment as the main pillar of the products and services offered in Retail Banking" reported the General Bank from Panama.

This new banking movement comes after five years of the General Bank here on national soil.

This year, the General began much more powerful since it began plans to double the number of branches, with the construction of four buildings, of which opened as the first Lindora, Santa Ana.

Also, the bank's operations in Costa Rican soil received a capital injection of $ 300 million, external position of the board to strengthen its business in Costa Rica.

Costa Rica Banco General is a 100% subsidiary of Banco General, Bank of Panamanian private capital, has more than $ 200 million in assets and more than $ 45 million in local heritage and rated AAA by Fitch Ratings.

Meanwhile, Citi rearranges pieces focusing on the area where your business has fared better over time as is its strong position in consumer banking, where a major credit card issuers in the country.