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🇨🇷 Costa Rica /Economy & Trade

Sugef on Coopenae and CoopeAnde merger process: ‘Part of the normal evolution of financial markets’

From La Nación · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Costa Rica's financial regulator, Sugef, said a possible consolidation of Coopenae and CoopeAnde could improve efficiency, innovation and services.
  • Sugef chief Hazel Valverde described such merger processes as part of the normal evolution of financial markets.

Costa Rica's financial regulator says the possible merger of Coopenae and CoopeAnde could strengthen the country's financial market.

Hazel Valverde, head of Sugef, said a potential consolidation could improve efficiency, encourage innovation and expand the range of services available to customers.

“An eventual consolidation can contribute to strengthening efficiency, innovation and the offering of services in the Costa Rican financial market,” Valverde said.

Sugef said merger processes could also create more opportunities to develop products, services and customer-service channels that respond better to people's needs. The regulator presented the process as part of the normal evolution of financial markets.

An eventual consolidation can contribute to strengthening efficiency, innovation and the offering of services in the Costa Rican financial market.

· Hazel ValverdeThe Sugef chief described the potential merger's possible benefits.
About this summary

Originally published by La Nación in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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