On Solid Footing
Nov 1, 2011
Costa Rica - Best Bank – Banco Nacional de Costa Rica
In spite of a complicated year for Costa Ricas banks and concerns about the government deficit, the state-backed financial system is on solid footing with encouraging economic indicators expected this year, says Banco Nacional de Costa Ricas CEO Fernando Naranjo.
With almost $7 billion in assets through June 2011, Banco Nacional de Costa Rica remained the countrys top bank by assets compared to Banco de Costa Ricas near $5 billion in assets. Aside from good local growth, the roughly 6% appreciation of the colon versus a year earlier...
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