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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 Moody’s 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 country’s 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...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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