American Expatriate Costa Rica

Absorption of Bancrédito by the BCR will remain a pending issue

The vote for the second reading of the bill that allows the BCR to absorb Bancrédito was scheduled for this Thursday, however, it was not possible.

The BCR had even called for a press conference on Friday at 10 am to give the details of the merger, but at about 7 pm it canceled the activity because the project was not approved.

Although there were 54 legislators, at the end of the legislative session there were only 38, just enough for the approval and, apparently one voted against, so now the decision will be for next Monday.

The initiative establishes that the BCR will receive the assets and will be in charge of the liabilities of the entity, which entered into financial problems motivated by an intervention.

The State must handle the tax duties of the entity.

crhoy.com