The general manager of the National Bank, Crispín Chavarría N., during his speech in the plenary of the Assembly, highlighted the long relationship that the banking entity maintains with the CSS. Currently, the National Bank handles around 4.5 billion dollars in deposits from the Social Security Fund.
Chavarría pointed out that the bank is holding investment funds of the CSS totaling 4.2 billion dollars. Of this amount, 80% comes from sovereign debts and 15% is in corporate bonds, which are managed through a trust separate from the main board.
Additionally, the manager reported that 68 accounts of the CSS are managed, active in loans. Only in loans to retirees, 400 million dollars are operated at an interest rate of 6% over 20 years, compared to the rate of 6.75% to 8% in private banking.
In the last five years, loans have increased by 55% with funds from the State, a significant increase that is largely attributed to the funds deposited by the CSS to support the national economy. In the National Assembly, the second block of Project 163 is being discussed, which reforms the Organic Law of the CSS concerning investment projects for the sustainability of the public security entity and health services.
After addressing the block of administration and governance, the plenary is now tackling the second block after completing the previous process. It is part of efforts to strengthen and improve the role of the CSS in the country's social security system.
