November 1, 2011
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 also boosted the sectors performance in dollar terms
Bankers will be closely watching the colon this year, as its strength can
Costa Rica - Best Bank – Banco Nacional de Costa Rica