High Rates Prevent Developing Securitization

by Edgar Delgado

El Financiero, #571, from June 26th to July 2nd, 2006

The high interest rates paid by the Central Government on its bonds and other debt instruments represent the main obstacle for the development by the financial sector of asset securitization programs.This type of mechanism would increase the availability of resources to finance high social impact activities, such as housing. This is the opinion of Luis Liberman, CEO of Banco Interfin, Jorge Volio, President of Volio Capital, and Robert Sullivan, Vicepresident of Landamerica Financial Group.
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The insurance of deposits
by Jorge Volio / Volio Capital
El Financiero, #495, from Jan 3rd to Jan 9th, 2005

The financial institutions that accept deposits from the public play a mayor role, no only because their participation as intermediaries between depositors and users of credit, but also by its function as agents for the transmission of the monetary policy and agents of risk administration.
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Real Estate Investment Trusts in Costa Rica
by Moneda / Volio Capital
Moneda # 406, May 24th, 2004

During the past few years, the Real Estate Investment Trust figure has been well received by investment professionals and institutions, investors and regulatory bodies. The financial product has been successful in making a first entrance into the market, where it offers good returns and diversified risk, compared to other assets.
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Capital Markets, Central America
by Alberto Labadía
América Economía # 272, March 2004

The attempts to consolidate the different Central American stock exchanges have failed. This failure can be attributed to ill defined regulations, to a lack of disposition by the business community, and to a reduced number of investors. "Nowadays, banks are offering more attractive alternatives (longer terms at lower interest rates). This inhibits the attempt to reactivate the activity in the stock exchanges". says Jorge Volio, from Volio Capital.
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Volio Capital, Pioneer in Investment Banking Services in Central America
Moneda, #398, March 29th, 2004
"Outstanding Central American Businesses", Special Edition

Aware of the absence of investment banking services in Central America, Volio Capital started operations in 1998. The firm is focused on investment banking on a regional basis. Interview with Jorge Volio, President.
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Café Britt starts its expansion
by Rodrigo Díaz
La República, March 29th, 2004

Café Britt’s debut in the Costa Rican Stock Exchange could not have been more successful. Jorge Volio identifies a very sound business strategy. Volio Capital carried out the structuring of this public offering.
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La hora de los chicos
by Raúl Ferro
América Economía # 269, January 2004

The "drought" in mergers and acquisitions seems to be about to finish. Up until now, "boutique” investment banks have had and edge in this business. Opportunities have occurred not only in Chile. In mid 2003, Volio Capital had one dozen prospects at hand, totaling $300 million.
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To sell or not to sell … a dilemma
by Ricardo Pescod
La República, November 17th, 2003

Should I sell my business or not? At what price? When and for what reason? Businessmen all over the world are faced with these questions at some point in their careers.
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Pasen, hay lugar
by Diego Fonseca
América Economía # 261, August 2003

Central America is immersed in an intense process of mergers and acquisitions. This process will not subside. According to Jorge Volio, President of Volio Capital, the majority of transactions taking place in the region involves businesses with income ranging between US$50 and US$100 million.
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