Banana industry is the principal debtor of the former Anglo Bank


Of 1,390 debtors, with Banco Anglo, five banana companies have debts of ¢ 9,000 million (65%).

These credits are part of the “remaining portfolio” of Anglo, which contains loans harder to recover. Three of these banana companies were part of failed projects that tried to lift in the southern region.

Several of these farms were auctioned, but the amount recovered was not enough to pay the debt, as in the case of Serbasur (Southern Banana Services), fifth largest bank debtor. However, to its former president, Vianey Saborio, the debt is paid.

In the case of the banana company of Chánguina, its president, Oscar Echeverria explained that tried to save the farm but it was invaded by squatters. Currently, the trust maintains Anglo Bank to win the legal dispute that land.

To complicate the situation, the owners of these projects are facing with the National Banana Corporation (Corbana), who is accused of the alleged diversion of funds that were to rehabilitate the farms.

During the first government of Oscar Arias (1986-1990), was proposed reactivation of banana planting, and the Rafael Angel Calderon (1990-1994) who continued with the plan. There were five cooperatives and private entrepreneurs are invited to participate, there entered the banana companies Térraba and Chánguina.

The National Bank financed cooperatives (Cooprosur, South Coopalca, Coopalsur, Coopropalca, Coopeadelante and Coopesierra).

The Anglo Bank, meanwhile, loaned to Banana Terraba Chánguina, Serbasur, Green Line, to Banana Boruca, Banasur and Jalaca.

They negotiated a contract with the company to buy Nobility fruit, which did not work and broke in 1994.

To help with the situation, the Government promoted a decree giving the producers two cents per box exported to rehabilitate farms.

About the use of this money, there are conflicting accounts because Echeverria said that Corbana diverted funds, and this entity denies.

“This statement of Mr. Echeverria is totally false. Corbana, equitably distributed two cents, between all producers in the south who qualified as beneficiaries of the fund, “said the Corporation in writing.

They added that the firm Chánguina S. A. was one of the beneficiaries of these resources. Corbana also indicates that the fund was audited by outside firms and reviewed by the Comptroller General of the Republic at the time.

Saborío explained that in the case of land, Serbasur, the auction did not cover the debt and therefore appears as a debtor. In the case of Chánguina, Echeverria said that invaded the farm, and has 10 years of waiting for the government to dislodge.

The Central Bank said, in writing, that the trust will continue with the collection of these debts so that there is no impunity.