Best Bank - Costa Rica
Nov 1, 2010
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 investment grade.
"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 by...
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.