Alvarez & Marin Corporation

Alvarez & Marin Corporation is a family owned business who, together with a group of highly qualified and committed people, the Corporation today is a dynamic and entreprenurial business group that ventures into areas as diverse as the financial, real estate, agriculture and more recently tourism. During the early years, we participated in small and medium enterprises, distribution of furniture and wood trim as well as small construction projects. In 1992 we develop our first banana farm named Bananera Calinda. This would be the beginning of the Calinda Group, the country’s second largest independent fruit exporter which employs more than 1,000 families. This agricultural division currently has five farms, all properties together count 1.909 producing hectares. It was also during these years the finance division had a wide growth. Founded in 1988, Financiera Brunca, S.A. acquired in 2001 100% stake in Financiera Belen S.A. merging it with Financiera Brunca. A few months later the assets of the Guapiles Branch of BCT Bank are acquired. In the Real Estate area, the Corporation operates in the segments of residential and office rent, property for sale and development of housing estates since 1995. In addition to the construction and operation of a Shopping Mall in Desamparados. Tourism Development owns 3 properties in CR and 685 h of land with 12 km of beach in Bocas del Toro, Panama. We are currently working on the master plan of this project.