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Autor: Writer

~ 24/07/06

By the A.M. Costa Rica staff

Creditors of the defunct Banco Elka S.A. will meeting Friday for another round of checks.

Government regulators closed Banco Elka June 29, 2004, because the institution lacked solvency, they said. The action was a blow to a number of expats because the bank had actively sought their deposits.

The bank had more debt than assets when it closed.  Depositors representing about $25 million went through the lengthy process to validate their claims.

The meeting will be at 1 p.m. in the auditorium of the Edificio Cooperativo north of Mall San Pedro.

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