Best Bank - Costa Rica
State-controlled Banco de Costa Rica has gained market share through the financial crisis, growing the loan portfolio and expanding facilities.
The future looks even
brighter now that Moodys has anointed the sovereign with
"The future of the bank
looks positive," says Mario Rivera, general manager of Banco de
Costa Rica, adding that the countrys GDP is expected to
grow about 4% this year. "The rating upgrade and GDP growth
could help reactivate the demand for credit locally. It could
increase foreign investors confidence in investing in the
country," he adds.
Rivera expects the bank to grow organically and not
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.